secwatch.observer — SEC 8-K summary
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Issuer:     NOCERA, INC. (NCRA)
CIK:        0001756180
Form:       8-K/A
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001683168-23-006567
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756180/000168316823006567/0001683168-23-006567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756180/000168316823006567/nocera_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006567

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