definately Synlait Milk owns Dunsandel
and the GB reg/SAMR attaches to the site not the company
This is what Synlait stated when the SAMR was renewed last year :
Synlait Milk Limited (Synlait) is extremely pleased to announce that the State Administration for Market Regulation (SAMR) has notified it of the successful re-registration of The a2 Milk Company’s Chineselabelled 至初® Infant Formula (stages one, two and three) at its Dunsandel facility, which will allow it tomanufacture and export this product for the China market until September 2027.
As the manufacturer of those products, the SAMR registration is held by Synlait and attached to its Dunsandel facility. The re-registration is pivotal for the ongoing success of the manufacturing and supply agreement that Synlait and The a2 Milk Company have.
Sometimes doing nothing is a good strategy …like opting out and saying nothing
A2 might not bother go to the meeting or even vote
That would be fun
"An ordinary resolution is a resolution that is approved by a simple majority of the votes of those shareholders entitled to vote and voting on the question".
Am I right that if A2 Milk does not vote, its 20% shareholding will not be used to calculate the simple majority (50.01%)?
This is what Synlait stated when the SAMR was renewed last year :
Synlait Milk Limited (Synlait) is extremely pleased to announce that the State Administration for Market Regulation (SAMR) has notified it of the successful re-registration of The a2 Milk Company’s Chineselabelled 至初® Infant Formula (stages one, two and three) at its Dunsandel facility, which will allow it tomanufacture and export this product for the China market until September 2027.
As the manufacturer of those products, the SAMR registration is held by Synlait and attached to its Dunsandel facility. The re-registration is pivotal for the ongoing success of the manufacturing and supply agreement that Synlait and The a2 Milk Company have.
“Registration is held by Synlait”
and A2M said:
”SAMR’s approval will allow Synlait to manufacture 至初® for a2MC until September 2027[1]. Production is expected to commence later this month with product transitioning in market during 1H24[2].”
So I think A2M hold the GB product registration and could make anywhere with a SAMR slot?
References made always to Synlait & SAMR in relation to the SAMR registration process of A2 IF by ATM :
From A2M :
“We are pleased that our current product registration has been renewed, effectively to late February 2023, and we will continue to work collaboratively with Synlait and SAMR in relation to registration of our China label IMF product formulated in line with China’s new GB standards.“
Also, there's the matter of milk supply - the farmers supplying A2 milk to make the IF is with Synlait? So not as easy as to shift production to another plant which does not have the A2 milk supply contracts.
How was the A2M CEO's message "accidentally" leaked out?
At least for a while, Synlait (or Bright Dairy) and A2M need each other. After September 2027, China could be very different from now. It might not need IF if WWIII starts, in which case traditional dairy products would be in strong demand.
How was the A2M CEO's message "accidentally" leaked out?
At least for a while, Synlait (or Bright Dairy) and A2M need each other. After September 2027, China could be very different from now. It might not need IF if WWIII starts, in which case traditional dairy products would be in strong demand.
It wasn't leaked, this is from their 19th February 2024 Investor call.
Originally Posted by billkiapi
Reply With Quote
Bookmarks