date:May 15, 2013
Chinese controlled-New Zealand dairy company Synlait Milk Ltd is planning a public share offer to fund an expansion in China's booming infant formula market, tapping into global demand for food-related investments in Asia.
Synlait Milk, 51 percent owned by China's Bright Dairy and Food Ltd, would not specify the size of the IPO, but said on Tuesday it expected Bright Dairy to retain its stake.
The proposed offer follows the launch in November of an NZ$525 million sharetrading fund by Synlait M