TAIPEI and ATLANTA, Ga., Jan. 13, 2021 (SEND2PRESS NEWSWIRE) — Nocera, Inc. (OTC:NCRA) (“Company”) at the moment introduced that it has formally signed Variable Curiosity Entity (“VIE”) agreements with Xin Feng Development Co. Ltd., (XFC) a Taiwan building agency, and Shunda Feed Co., Ltd., (SFC) a Taiwan aquaculture feed agency leading to 100% controlling curiosity in each corporations. Pursuant to the Share Alternate Settlement, the Firm exchanged a complete of 1,000,000 shares of restricted inventory for 100% of the controlling curiosity, beneath the VIE agreements, of Shunda Feed Co., Ltd. and Xin Feng Development Co., Ltd.
Jeff Cheng, President and CEO of Nocera, Inc., said “The VIE agreements with Xin Feng Construction and Shunda Feed are important milestones for our Company. These acquisitions provide our Company with strategic integration to better develop our land-based recirculating aquaculture systems (“RAS”) and as an aquaculture meals provider within the Taiwanese market. We consider we at the moment are higher positioned to assist the development actions of our shoppers, and the event of Firm owned and operated fish farms. Moreover, administration believes that the Firm will probably be higher positioned to turn out to be a key provider to different fish farm operators.”
Nocera intends to offer technical consulting and associated providers to each corporations and intends to direct by way of administration enter, the actions that almost all considerably have an effect on the financial efficiency of SFC, and XFC. The Firm is answerable for the administration of SFC, and XFC and has the unique proper to train all voting rights of each acquisitions, beneath the VIE phrases.
See the Kind 8-Ok submitting on the SEC EDGAR web site at www.sec.gov or click on on the next hyperlink to view the 8-Ok in its entirety: https://www.sec.gov/Archives/edgar/data/1756180/000106594921000001/nocera8kdec312020.htm
About Nocera, Inc.
Nocera, Inc. designs, builds, and installs tools for the fish farming trade, in addition to supplies technical help to fish farm operations. Be taught extra at: https://www.nocera.company/.
This information launch comprises “forward-looking statements” as outlined by the Non-public Securities Litigation Reform Act of 1995. These statements are solely predictions. Nocera, Inc. cautions readers that forward-looking statements are primarily based on administration’s expectations and assumptions as of the date of this information launch and are topic to sure dangers and uncertainties that would trigger precise outcomes to vary materially. Accordingly, you shouldn’t rely on forward-looking statements as predictions of future occasions. Ahead-looking statements replicate the Firm’s evaluation solely on their said date, and Nocera, Inc. takes no obligation to replace or revise these statements besides as could also be required by legislation. Extra detailed details about the chance components that will have an effect on the conclusion of forward-looking statements is contained beneath the heading “Risk Factors” in Nocera, Inc.’s Registration Assertion filed with the Securities and Alternate Fee (SEC), which is offered on the SEC’s web site, https://www.sec.gov/.
Nocera, Inc. Taipei Workplace:
3F (Constructing B), No. 185, Sec. 1, Datong Rd.
Xizhi Dist., New Taipei Metropolis 221, Taiwan (R.O.C.)
Web site: https://www.nocera.company/
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Information Supply: Nocera Inc.