NZ's Synlait Milk rises on dispute settlement with a2 Milk
Updates with a2 Milk's share moves
** Shares of Synlait Milk SML.NZ rise as much as 25% to NZ$0.375,their highest since July 12
** Stock posts its biggest intraday gain since July 11
** New Zealand-based nutrition firm says it has resolved disputes with its second-largest shareholder a2 Milk ATM.NZ
** Dispute regarding exclusive manufacturing rights for some of a2 Milk's infant milk formula products
** Synlait says it will retain the Chinese registration for Synlait's Dunsandel manufacturing facilities
** Adds a2 Milk will make a one-off payment of NZ$24.75 mln ($14.81 mln) to co
** a2 Milk's shares in New Zealand rise as much as 6.1% to NZ$7.87 in their biggest jump since Feb. 19
** ASX-listed shares of a2 Milk A2M.AX rise 6% to A$7.12, post biggest intraday pct gain since Feb. 19
** More than 1 mln SML shares change hands, compared with the 30-day average volume of 387,313
** Stock of Synlait Milk had fallen 68.4% this year as of last close
($1 = 1.6711 New Zealand dollars)
Reporting by Sneha Kumar in Bengaluru
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