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Chinas Bright Dairy to cede majority stake in New Zealands Synlait Milk

China's Bright is to lose its majority shareholding in New Zealand's Synlait Milk when the dairy processor lists on the New Zealand stock exchange next month.Synlait on Monday issued a prospectus in advance of its bid to raise 75 million NZ dollars ($58.04 million) in its initial public offering.The indicative price range for the offer of 2.05 NZ dollars to 2.65 NZ dollars per share ...

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