Synlait Milk halts trading, discusses $130m debt repayment extension with bank syndicate and Bright Dairy.

Synlait Milk, a NZ dairy company, has halted trading of its NZX-listed shares and bonds while it finalizes discussions with a banking syndicate over a potential extension of a $130m debt repayment due today. The company is also in talks with its major shareholder, Bright Dairy, regarding financial support. Shares in Synlait last traded at 75 cents, down 65.6% over the previous 12 months.