date:May 14, 2013
blic offer.
However, Bright is expected to retain its full investment in Synlait Milk, which it acquired in 2010 for NZ$82 million ($67.8 million).
The proceeds of any offer will be used to support various growth initiatives including the construction of a new packaging plant, the company said in a statement.
Synlait operates a milk processing factory in New Zealand's country's South Island making milk powder and infant formula, which is sold through Bright's Chinese outlets.
It reported a n