Originally Posted by
Snoopy
Good point. But which Synlait owns the SAMR? According to the NZ company register, there are four active Synlaits currently trading:
1/ Synlait Milk Dunsandel Farms Limited (incorporated 25 May 2022) owned 100% by Synlait Milk Limited.
2/ Synlait Milk (Holdings) No. 1 Limited (incorporated 9 Aug 2020) owned 100% by Synlait Milk Limited.
3/ Synlait Milk Finance Limited (incorporated 14 June 2013) owned 100% by Synlait Milk Limited.
4/ Synlait Milk Limited (incorporated 2 March 2005)
What say you put the parent Synlait Milk Company into receivership, crippled by debt. But the subsidiary that owned the milk licence SAMR was not put into receivership, because it was still trading profitably. Thus you could keep the SAMR out of the receivership process, avoiding the need for any reapplication and re-approval of the licence, while the ownership of the parent is sorted out?
SNOOPY