Nocera Signs Variable Interest Entity Agreements with Xin Feng Construction Co., Ltd. and Shunda Feed Co., Ltd. in Taiwan
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 Constru...