Anyone brave enough to buy the bonds? Current 12% yield and mature in Dec 24.
Im considering.....
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Anyone brave enough to buy the bonds? Current 12% yield and mature in Dec 24.
Im considering.....
Bright dairy bringing in some heavy hitters. These guys own 39%, so SML a pretty serious investment for them.
Might see some of the sales get expedited to get the debt down.
https://www.nzx.com/announcements/413231
Come on SML - stabilise thyself and make me some $$
Bright Dairy appointing the big guns to the directors seat to get things back on track
Min Chen (Joyce) and Gui Min (Gracie) have stepped down as Bright Dairy Holding Limited appointed directors on the Synlait Milk Limited Board.
Liu Ruibing (Ryan), the CFO of Bright Dairy, and Zhu Yi (Julia), the Vice President of Bright Dairy, will replace Joyce and Gracie.
https://www.nzx.com/announcements/413231
Lets hope the new directors can better cope with the English spoken by some of the local directors. I found it in the past difficult to have with some of them a discussion in English.
Ah yes - and lets hope for the sake of retail shareholders that Bright Dairies interests align with theirs.
Good that Hon Ruth Richardson still on Board ….she gets on well with Chinese business
Might hear soon who Customer S is and how many zillions of sales they bring
the money is on Abbott to be customer "s" and if so, I don't hold a huge amount of hope that it's anywhere near the scale of ATM at its peak. Abbott have pulled out of China for infant and are hugely distracted in the US after not one, but two plant shutdowns last year.