secwatch.observer — SEC 8-K summary
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Issuer:     NOCERA, INC. (NCRA)
CIK:        0001756180
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0001683168-22-006310
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nocera acquires 80% controlling interest in Meixin for $4.3M via VIE agreements
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- Purchase price of $4.3 million for an 80% controlling stake in Meixin, a Taiwan food processor.
- Meixin (est. 2003) produces hot/frozen meals, bento boxes, group meals; serves Chinatrust Bank, Fubon.
- Acquisition expected to generate ~$5 million in revenue for fiscal 2023, per CEO Jeff Cheng.
- Meixin will produce bento boxes, seafood porridge, BBQ eel rice as part of Nocera's vertical integration.
- Transaction structured through VIE: voting proxy, exclusive business cooperation, equity pledge, and call option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756180/000168316822006310/0001683168-22-006310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756180/000168316822006310/nocera_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-006310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer