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