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Nocera Acquires 30% Controlling Stake in QMAX Technology

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Nocera (NCRA) has acquired a 30% controlling stake in Taiwan-based QMAX Technology for $408,000 in shares, Nocera said Wednesday.

The company said it has issued 300,000 restricted common shares, valued at $1.36 per share based on Nocera stock's Monday close, to Chien-Hua Tseng in exchange for the stake.

Nocera said the transaction expands its footprint into memory and storage supply chains.

Shares of Nocera were up more nearly 90% in recent Wednesday morning trading.

Price: $2.53, Change: $+1.10, Percent Change: +76.92%

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