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Synlait Milk trading on ASX

Synlait Milk has dual listed on the Australian Securities Exchange (ASX) and began trading today.

Synlait is a leading New Zealand manufacturer of nutritional solutions, value added products and specialty ingredients. 

Operating as a business to business (B2B) company, Synlait builds strong relationships with leading customers around the globe to create valuable partnerships for the long term. 

Synlait also has one of the largest integrated infant formula sites in the world, offering our customers complete supply chain integrity from behind the farm gate to consumer.

“Interest in Synlait from Australian investors has grown in the past few years – 72% of our institutional shareholding is based in Australia,” said John Penno, Managing Director and CEO.

“Being dual listed on the NZX and ASX increases access for institutional investors in Australia, and opens up the company to Australian retail investors too,” he added.

Synlait expects this dual listing will provide increased liquidity, as well as a broader and diversified shareholder base.

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