Hangzhou Bigeye Technology Co., Ltd. completed the acquisition of 83.6065% stake in Biou Food Industry Co., Ltd. from Apple Flavor & Fragrance Group Co.,Ltd..
March 09, 2023
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Hangzhou Bigeye Technology Co., Ltd. agreed to acquire a 83.6065% stake in Biou (Zhejiang) Food Industry Co., Ltd. from Apple Flavor & Fragrance Group Co.,Ltd. (SHSE:603020) for CNY 64.5 million on March 7, 2023. Transaction is approved by Apple Flavor & Fragrance's board. For the period September 30, 2022, Biou (Zhejiang) had CNY 147.83 million of total assets and CNY 75.45 million of net assets.
Hangzhou Bigeye Technology Co., Ltd. completed the acquisition of 83.6065% stake in Biou (Zhejiang) Food Industry Co., Ltd. from Apple Flavor & Fragrance Group Co.,Ltd. (SHSE:603020) on March 10, 2023.
Apple Flavor & Fragrance Group Co., Ltd. is principally engaged in the research and development, production and sales of flavors and fragrance. The Companyâs major products include food flavors, tobacco flavors, fragrances, aroma chemicals and food additives. The Company also distributes butter, cheese, chocolate, cocoa and other ingredients of international luxuries brands.
Hangzhou Bigeye Technology Co., Ltd. completed the acquisition of 83.6065% stake in Biou Food Industry Co., Ltd. from Apple Flavor & Fragrance Group Co.,Ltd..
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