8-K/A filed September 20, 2023, 7:59 PM ET ticker NCRA CIK 0001756180

M&A confidence medium sentiment neutral materiality 0.60

Nocera acquires 80% of Meixin for $4.3M via VIE agreements; pro forma shows combined assets $10.8M

NOCERA, INC.

Purchase price of $4.3M for 80% controlling interest in Meixin, a Taiwan food processing and catering company.
Meixin's historical financial statements are unavailable due to poor accounting; only pro forma combined statements filed.
Pro forma combined balance sheet at June 30, 2022: total assets $10.755M, liabilities $0.979M, equity $9.776M.
Pro forma combined net loss for year ended June 30, 2022: $1.19M, primarily from Nocera's operations.
VIE agreements include voting rights proxy, exclusive business cooperation, and equity pledge, conferring control to Nocera.

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