Looking back, there was a clue in the Annual report
"For supply chain, importantly, the Company is also looking to secure three or more China label IMF registrations. The Company targets to maintain the highest food safety and quality standards, improve supplier and customer service levels, tightly manage inventory levels and constantly improve supply chain efficiency"
So, Secure Synlait through a takeover, Secure matuara, Plus uses cash on hand to buy a thrird.
Ann: Notice of cancellation of Synlait's exclusive supply rights, page-2
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