It means the company, which reported a heavy loss earlier this year, can meet its debt payment to banks, due on Monday.
Synlait Milk
Better result . . . Synlait Milk has turned around last year’s loss with a half-year result in the black. PHOTO: SYNLAIT MILK

It means the company, which reported a heavy loss earlier this year, can meet its debt payment to banks, due on Monday.

Synlait supplier Cameron Henderson says he was pleasantly surprised the shareholder vote was 99.6% in favour.

But he says most shareholders recognised that a ‘no’ vote was virtually voting their shareholding out of existence.

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The farm that supplied northern Maine’s only dairy is getting out of the milk business as well.

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