Clifford Chance
Clifford Chance advises Bright Dairy on its majority stake investment in New Zealand's Synlait via private shares placement
24 October 2024
Clifford Chance advises Bright Dairy on its majority stake investment in New Zealand's Synlait via private shares placement
Global law firm Clifford Chance, as international lead counsel has advised Bright Dairy & Food Co., Ltd. on its participation in a private share placement in Synlait Milk Limited, a dairy company listed on the New Zealand Stock Exchange and the Australia Stock Exchange. The placement makes Bright Dairy increase its stake in Synlait Milk Limited from 39.01% to 65.25%.
Shanghai-listed Bright Dairy subscribed for 308,333,333 shares of Synlait through a subsidiary for approximately NZ$185 million, and The a2 Milk Company subscribed for 76,283,104 shares of Synlait for approximately NZ$32.8 million. As part of the transaction, Synlait raised approximately NZ$217.8 million in total and completed the refinancing of its existing bank facilities alongside this placement.
Chapman Tripp acted as New Zealand local counsel to Bright Dairy on this transaction.
Clifford Chance also advised Bright Dairy in the IPO of Synlait Milk Limited on the New Zealand Stock Exchange in 2013.
高伟绅为光明乳业通过私募配售向新西兰Synlait进行多数股权投资提供法律服务
国际领先律师事务所高伟绅为食品和饮料生产企业光明乳业股份有限公司参与新西兰证券交易所和澳大利亚证券交易所上市的乳业公司Synlait Milk Limited的私募配售提供法律服务。在配售完成后，光明乳业对新莱特的持股比例将从39.01%增持至约65.25%。
在上交所上市的光明乳业通过一家子公司以1.85亿新西兰元认购 Synlait 308,333,333股股份，The a2 Milk Company以3,280万新西兰元认购 Synlait 76,283,104股股份。作为交易的一部分，Synlait合计将募集2.178亿新西兰元的资金并完成对现有银行债务的再融资。
高伟绅此前在2013年就Synlait Milk Limited在新西兰证券交易所上市为光明乳业提供法律服务。
在本交易中，Chapman Tripp担任光明乳业的新西兰本地法律顾问。
