Nocera, Inc. Acquires Hangzhou SY Culture Media Co. Ltd., a Douyin Livestreaming e-Commerce Company

Rhea-AI Summary

Nocera, Inc. acquires Hangzhou SY Culture Media Co. , a Douyin Livestreaming e-Commerce Company. The acquisition was made for 600,000 shares of Nocera common stock, aiming to strengthen Nocera's presence in the Douyin livestreaming e-commerce sector.

Market Research Analyst

The strategic acquisition by Nocera, Inc. of Hangzhou SY Culture Media Co. Ltd. presents a fusion of aquaculture and e-commerce, tapping into the flourishing livestream market. By leveraging SY Culture's expertise in Douyin livestreaming, Nocera aims to enhance its brand visibility and customer engagement. This integration exploits SY Culture's interactive content strategies, potentially increasing Nocera's market share in the seafood sector by directly marketing to a vast audience of over 460 million users. Investors should monitor the effectiveness of this synergy, observing any subsequent growth in sales and market penetration which could signal the initiative's success.

Financial Analyst

The payment of 600,000 shares of common stock for 100% equity in SY Culture illuminates Nocera’s valuation of the acquisition, which should be compared against the revenue potential and cost synergies. It underscores a non-cash transaction structure, which preserves Nocera's liquidity. Stakeholders should evaluate this deal's impact on the earnings per share, considering the dilution effect versus the anticipated revenue and profit enhancement from the merger. It's paramount for investors to scrutinize subsequent financial statements for the tangible outcomes of this business combination.

Tech Industry Analyst

Nocera's move to acquire a Douyin-based e-commerce firm stands as an innovative cross-sectoral investment. The marriage between RASs and the digital platform could disrupt traditional seafood marketing, placing Nocera at the forefront of e-commerce trends. The utilization of Douyin's established infrastructure for livestreaming offers Nocera a sophisticated channel to engage with consumers, a significant competitive edge. Investors should keep an eye on Nocera's ability to harness tech-driven sales avenues and its operational competency in blending tech with aquaculture.

TAIPEI, TAIWAN / ACCESSWIRE / April 16, 2024 / Nocera, Inc. (NASDAQ:NCRA) ("Nocera" or the "Company"), a fully integrated sustainable seafood company focusing on manufacturing and operating land-based Recirculatory Aquaculture Systems ("RASs"), today announced that it has acquired the Douyin livestreaming e-commerce company, Hangzhou SY Media Co. Ltd. ("SY Culture"). The purchase price of the acquisition was 600,000 shares of Nocera common stock for 100% equity in SY Culture.

SY Culture is a company focused on the Douyin livestreaming e-commerce sector, using a strategic livestream cloud and retail chain approach. SY Culture engages in interactive livestreaming activities such as chef demonstrations, food introductions, cooking shows, and ingredient selection recommendations to directly present and sell products to its users/consumers. Leveraging its established strategic foundation, SY Culture seamlessly integrates brands and operations via acquisitions and operational management of live-streaming hosts and channels, aiming to spearhead the Douyin livestreaming e-commerce arena.

Andy Jin, Nocera's Chief Executive Officer, commented, "Through this acquisition, Nocera strategically aims to fortify its foothold in acquiring content creating companies, while leveraging the expansive reach of platforms like the Douyin to amplify Nocera's brand awareness. With the Douyin boasting over 460 million livestreaming e-commerce users in mainland China, tapping into this thriving market presents an unparalleled opportunity."

About Nocera, Inc.

Nocera (NASDAQ: NCRA) is a fully integrated sustainable seafood company that provides land-based recirculation aquaculture systems for both fresh and saltwater fish and invests in fish farms by building high-tech RASs. The Company's main business operation consists of the design, development, and production of large-scale RASs fish tank systems, (aquaculture) for fish farms along with expert consulting, technology transfer, and aquaculture project management services to new and existing aquaculture facilities and operators. For more information, please visit the company's website at www.nocera.company.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," "will" and similar expressions as they relate to Nocera are intended to identify such forward-looking statements. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company's control. Readers are encouraged to read the risk factors included in our annual reports and quarterly reports we file with the Securities and Exchange Commission. Actual events or results may differ materially from those described in this press release due to any of these factors. Nocera is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Investor Contacts:
Hanover Int'l
Jh@hanoverintlinc.com

SOURCE: Nocera, Inc.

View the original press release on accesswire.com

FAQ

What company did Nocera, Inc. acquire?

Nocera, Inc. acquired Hangzhou SY Culture Media Co.

What is the ticker symbol for Nocera, Inc.?

The ticker symbol for Nocera, Inc. is NCRA.

What was the purchase price of the acquisition?

The purchase price of the acquisition was 600,000 shares of Nocera common stock.

What sector is SY Culture focused on?

SY Culture is focused on the Douyin livestreaming e-commerce sector.

What is the strategic approach of SY Culture in livestreaming e-commerce?

SY Culture uses a strategic livestream cloud and retail chain approach in the Douyin livestreaming e-commerce sector.