Synlait's Pokeno facility. Photo / NZ HeraldShares in Synlait Milk rallied by 9.6 per cent after the company said it had reached a settlement over its disputed Pokeno factory site. The Supreme Court has been informed that a settlement has been reached. In 2018, Synlait bought land at Pokeno and began building a dairy processing plant. Synlait had been granted leave to appeal to the Supreme Court and a hearing took place in early June.

Source: New Zealand Herald November 05, 2020 20:37 UTC