date:May 14, 2013
Chinese controlled-New Zealand dairy company Synlait Milk Ltd is planning a public share offer to fund expansion and repay debt, the company said on Tuesday.
The company is 51 percent owned by China's Bright Dairy and Food Ltd and Synlait Ltd, a private company grouping local investors and Japan's Mitsui.
It said that Synlait Ltd plans to redistribute to its shareholders its Synlait Milk holding, but they will Be offered the chance to sell some or all of their holding as part of the initial pu