Apple Flavor & Fragrance Group Co.,Ltd. (603020.SH) has announced the signing of a non-binding letter of intent to acquire Nuoya Shengnuo (Taicang) Bio-Tech Co., Ltd. The agreement, signed with Nuoya Shengnuo Europe on February 4, 2026, is part of the company's strategy to enhance its industrial chain and achieve high-quality development.
Under the proposed agreement, Apple Flavor & Fragrance intends to acquire 100% equity in the target company through a two-stage process. The initial transaction involves purchasing 80% of the shares, with the remaining stake to be transferred after the fulfillment of certain performance commitments.
The final transaction price will be determined following due diligence, auditing, valuation, and negotiations between the parties. Established in 2009 and based in Taicang, Jiangsu province, Nuoya Shengnuo specializes in the research, production, and sale of Omega-3 raw materials, including fish oil and algal oil. Its product portfolio currently includes refined fish oil and concentrated fish oil.
Through years of operation, the target company has built substantial industrial resources and serves a downstream clientele comprising globally recognized brands in health supplements, functional foods and beverages, infant nutrition, and pet food products.
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