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Apple Flavor & Fragrance Further Extends NovoSana Unit's Acquisition Deadline to June 30

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Apple Flavor & Fragrance (SHA:603020) further extended the deadline for the signing of the acquisition of Netherlands-based vitamins company NovoSana's unit to the end of this month, according to a Shanghai bourse filing on Thursday.

The deadline was set for June 30 after the parties could not execute a formal agreement for the acquisition of NovoSana (Taicang) Biotechnology by May 29.

In February, the Chinese manufacturer of flavors and fragrances had signed a letter of intent for the proposed acquisition.

The company's shares fell 2% during the afternoon trade.

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