date:May 15, 2013
pected strong overseas demand for the IPO.
First NZ Capital and Goldman Sachs have been appointed as joint lead managers for the proposed offer.
Milk powder is used in products ranging from infant formula to cheese, and dairy consumption is expected to substantially increase in Asia as an expanding middle-class adopts a more Westernised diet.
GROWTH IN CHINA
Synlait Milk is one of several small companies operating in China's $12.4 billion milk formula market which has grown 12-fold since 200