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Synlait Milk Ltd. ( (AU:SM1) ) has issued an update.
Synlait Milk Ltd. announced that its major shareholder, Bright Dairy Holding Limited, has voted in favor of the sale of Synlait’s North Island assets. This decision, confirmed through a postal vote, supports all resolutions to be discussed at the upcoming Annual Meeting. The asset sale is a strategic move that could impact Synlait’s operations and market positioning, potentially influencing stakeholder interests.
The most recent analyst rating on (AU:SM1) stock is a Sell with a A$0.58 price target. To see the full list of analyst forecasts on Synlait Milk Ltd. stock, see the AU:SM1 Stock Forecast page.
More about Synlait Milk Ltd.
Synlait Milk Ltd. is a company operating in the dairy industry, primarily focused on producing and supplying milk products. It is based in Canterbury, New Zealand, and is listed on both the NZX and ASX. The company is known for its innovative approach to dairy production and has a significant market presence in the region.
Average Trading Volume: 23,928
Technical Sentiment Signal: Hold
Current Market Cap: A$372.4M
See more data about SM1 stock on TipRanks’ Stock Analysis page.