NZ's Synlait Milk plans IPO, taps Chinese infant formula market demand
date:May 15, 2013
ilk's much bigger rival Fonterra and which has gained nearly 14 percent since it was floated.

Synlait Milk is owned by Synlait Ltd, a private local company and Japan's Mitsui Co.. Last year, the company launched the Pure Canterbury brand of infant formula in China, the world's largest consumer of milk formula products.

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 ex
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