ATLANTA, Ga., Jan 13, 2021 (SEND2PRESS NEWSWIRE) Nocera, Inc. (OTC:NCRA) (“Company”) today announced that it has formally signed Variable Interest Entity (“VIE”) agreements with Xin Feng Construction Co. Ltd., (XFC) a Taiwan construction firm, and Shunda Feed Co., Ltd., (SFC) a Taiwan aquaculture feed firm resulting in 100% controlling interest in both companies. Pursuant to the Share Exchange Agreement, the Company exchanged a total of 1,000,000 shares of restricted stock for 100% of the controlling interest, under the VIE agreements, of Shunda Feed Co., Ltd. and Xin Feng Construction Co., Ltd.
Jeff Cheng, President and CEO of Nocera, Inc., stated, “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 food supplier in the Taiwanese market. We believe we a
eNewsChannels NEWS: Nocera, Inc. (OTC:NCRA) ("Company") today announced that it has formally signed Variable Interest Entity ("VIE") agreements with Xin Feng Construction Co. Ltd., (XFC) a Taiwan construction firm, and Shunda Feed Co., Ltd., (SFC) a Taiwan aquaculture feed firm resulting in 100% controlling interest in both companies. :: News from eNewsChannels
How Chinese Companies Bypass Foreign Investment Restrictions ckgsb.edu.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ckgsb.edu.cn Daily Mail and Mail on Sunday newspapers.
China to crank up anti-trust heat on Big Tech after unprecedented fines
SECTIONS
Last Updated: Dec 15, 2020, 05:42 PM IST
Share
Synopsis
The regulator is particularly keen to make an example of a $3.5 billion plan for search engine Sogou Inc to be taken private by shareholder Tencent Holdings, two people with direct knowledge of the matter said.
AFP
HONG KONG | BEIJING: China s unprecedented anti-trust squeeze on its technology giants is only just beginning. Having levied fines and announced a probe on Monday into deals backed by the likes of Alibaba Group and Tencent, China s market regulator is now gearing up to put more transactions under scrutiny, reversing a once laissez-faire approach towards its vast internet space.
Analysis-China to crank up anti-trust heat on Big Tech after unprecedented fines reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.