Bright Dairy & Food Co Ltd

Type: Company
Name: Bright Dairy & Food Co Ltd (Shanghai Bright Dairy & Food Co Ltd, Bright Dairy & Food Co. Ltd)
First reported May 15 2013 - Updated May 15 2013 - 1 reports

Synlait to fund growth with IPO?

New Zealand’s Synlait Milk says it is considering an initial public offering (IPO) of shares and to list on the NZX Main Board. It is currently 49% owned by Synlait Limited and 51% owned by Bright Dairy & Food Co.Prior to any shares being allotted under ... [Published IFI Online - May 15 2013]
First reported May 14 2013 - Updated May 15 2013 - 1 reports

China Stocks Fall Most in 2 Weeks on Economic, Property Concerns

China’s stocks fell the most in two weeks on concern an economic slowdown is deepening and the government is introducing more restrictions on the property market to limit gains in housing prices.China Vanke Co., the largest developer, dropped the most ... [Published Bloomberg - May 14 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Synlait Milk listing to pay for plant

Synlait Milk's proposed NZX listing involves Chinese-owned Bright Dairy relinquishing its majority stake in the milk processor.It will also give shareholders the chance to cash up after about a decade's investment. Synlait's is the latest in a flurry ... [Published Taranaki Daily News - May 14 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

IPO floodgates open

Tech companies head those planning to list on NZX now Mighty River Power sorted. Three companies have revealed plans to list on the stock exchange since Friday's float of Mighty River Power and more are expected to come forward.Dairy producer Synlait ... [Published New Zealand Herald - May 14 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Synlait Milk planning public offering, listing on stock exchange

Canterbury milk processor Synlait Milk Ltd has announced plans to list on the stock exchange.The company is 49% owned by Synlait and 51% owned by Chinese food giant Bright Dairy and Food Co. Ltd.In a statement yesterday, it said proceeds would be used ... [Published Otago Daily Times - May 14 2013]
First reported May 13 2013 - Updated May 14 2013 - 13 reports

Bright Dairy's 51%-held Synlait to List

Bright Dairy (SHSE: 600597) announced on May 13 that New Zealand Synlait Milk Limited, in which the former holds a 51% stake, planned to kick off an initial public offering (IPO) in the local securities market. The Chinese investor subscribed for 51% ... [Published Individual.com - May 14 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

China Stocks Fall for 2nd Day; Jiangxi Copper, Bright Dairy Drop - Bloomberg

China Stocks Fall for 2nd Day; Jiangxi Copper, Bright Dairy Drop Bloomberg 6 through yesterday amid concern a slowing economy will curb profit growth. FDI probably rose 6.2 percent in April from a year earlier, compared with a 5.7 percent gain in ... [Published Bloomberg via Google News - May 14 2013]
First reported May 13 2013 - Updated May 13 2013 - 1 reports

Bright Dairy to cede control of Synlait Milk in NZX listing

May 14 (BusinessDesk) - Chinese food giant Bright Dairy & Food will give up its controlling stake when local dairy processor Synlait Milk is listing on the stock exchange, retaining its stake without participating ... ... [Published Yahoo! Xtra Business - May 13 2013]
First reported May 13 2013 - Updated May 13 2013 - 1 reports

Bright rebuts claim of rat in beverage

Bright Dairy is asking police to investigate an online post that claimed a rat was found Monday in one of the dairy giant's milk products."We ran self-checks the moment we noticed the online complaint. We need to tell our customers that it is technically ... [Published Global Times - May 13 2013]
First reported May 09 2013 - Updated May 09 2013 - 1 reports

Glanbia signs landmark deal in China

Glanbia’s deal comes after Chinese companies became keen to work with foreign producers after a series of food scandals Glanbia will initially export Avonmore milk for sale in China through the Shanghai-based Bright Foods network, but in time it is expected ... [Published Irish Times - May 09 2013]
First reported May 08 2013 - Updated May 08 2013 - 5 reports

Upgrade formula for success

Synlait Milk will invest more than $30 million in upgrading its packaging and plant facilities in Dunsandel, Canterbury, to produce a specialist ingredient for infant formula that is in high demand in China.Chief executive John Penno said $15m would be ... [Published Taranaki Daily News - May 08 2013]
First reported May 07 2013 - Updated May 07 2013 - 2 reports

Looking for a win win deal

Prime Minster John Key says there is considerable Chinese appetite to invest in New Zealand because "they can see economic returns and it's obviously in their strategic interest."China's strategic interest is the fundamental recognition that "New Zealand ... [Published New Zealand Herald - May 07 2013]

Quotes

"Bill's governance skills and deep understanding of international business will add further depth to the board of Synlait Milk as the company pursues its vision to be a trusted supplier of choice to some of the world's best milk-based health and nutrition companies."
"A lot of it is because of the extreme valuations that Xero is trading at. The other sector which is coming through is dairy."
"Milk and dairy products are a hot commodity around the world and this gives people potential access to it" said Brian Gaynor, director of Milford Asset Management, adding he expected strong overseas demand for the IPO
"Bright Dairy is expected to retain its full investment in Synlait Milk" said the statement

More Content

All (70) | News (63) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (5) | Press Releases (1)
sort by: Date | Relevance
Synlait to fund growth with IPO? [Published IFI Online - May 15 2013]
Bill Roest on Synlait board [Published Timaru Herald - May 15 2013]
Synlait Milk listing to pay for plant [Published Taranaki Daily News - May 14 2013]
IPO floodgates open [Published New Zealand Herald - May 14 2013]
Synlait Milk planning public offering, listing... [Published Otago Daily Times - May 14 2013]
Bright Dairy's 51%-held Synlait to List [Published Individual.com - May 14 2013]
Bright Dairy intends to list milk power biz in ... [Published Aastocks.com - May 14 2013]
UPDATE 1-NZ's Synlait Milk plans IPO, taps dair... [Published Reuters - May 14 2013]
Chinese-controlled dairy firm preparing for New... [Published Zecco - May 14 2013]
China Stocks Fall Most in 2 Weeks on Economic, ... [Published Bloomberg - May 14 2013]
Synlait plans NZX listing [Published The Press NZ - May 14 2013]
China Stocks Fall for 2nd Day; Jiangxi Copper, ... [Published Bloomberg via Google News - May 14 2013]
Synlait considers stock exhange listing [Published Radio New Zealand - May 14 2013]
Chinese controlled-NZ's Synlait Milk planning s... [Published Global FoodMate - May 14 2013]
Synlait confirms NZX listing bid [Published MSN New Zealand - May 13 2013]
Announcement of Intention to IPO [Published Scoop - May 13 2013]
Synlait Milk considers IPO as NZ equity market ... [Published New Zealand Herald - May 13 2013]
Bright Dairy to cede control of Synlait Milk in... [Published Yahoo! Xtra Business - May 13 2013]
Bright Dairy’s Synlait Milk considers IPO as NZ... [Published Scoop - May 13 2013]
Bright Dairy’s Synlait Milk considers IPO as NZ... [Published Yahoo! Xtra Business - May 13 2013]
Bright Dairy's NZ processor unit plans IPO [Published Shanghai Daily - May 13 2013]
Bright rebuts claim of rat in beverage [Published Global Times - May 13 2013]
Bright Dairy Unit Synlait Milk Preparing for IP... [Published BusinessWeek - May 13 2013]
Synlait Upgrading NZ Drier to Produce Powdered ... [Published Land O'Lakes - May 10 2013]
Industrial tour sites draw criticism [Published Shanghai Daily - May 09 2013]
Synlait Milk to Upgrade Special Milk Drier [Published Individual.com - May 09 2013]
Synlait to invest $12m to upgrade infant formul... [Published Food Business Review - May 09 2013]
Synlait Milk to invest $15m in Kiwi infant form... [Published Global FoodMate - May 09 2013]
Glanbia signs landmark deal in China [Published Irish Times - May 09 2013]
Upgrade formula for success [Published Taranaki Daily News - May 08 2013]
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