- SUIC CEO Hank Wang recently joined Bell2Bell Podcast host Stuart Smith to discuss the company’s operations and business model, recent milestones, and plans for 2024
- The venture financing and support company, through its I.Hart Group and Boom Fintech subsidiaries, has entered into agreements that set the stage for significant expansion
- SUIC’s I.Hart Group recently signed a brand corporation agreement with 7-Eleven, expected to promote the company’s long-term growth
- The company’s Boom Fintech is working on financing that will support the creation of a revolutionary B2B financing platform and boost supply chain integration for suppliers
- SUIC expects to significantly expand its product markets, making 2024 its best year yet, according to Hank
SUIC Worldwide Holdings (OTC: SUIC), a provider of research and development, venture financing, and investment for public and private companies, was featured in a recent episode of The Bell2Bell Podcast. SUIC CEO Hank Wang joined host Stuart Smith to discuss the company’s operations and business model, recent milestones, and plans for 2024 (https://ibn.fm/dy633).
According to Mr. Hank, SUIC targets opportunities to enhance and streamline existing supply chain and financial processes. The company is the largest shareholder and major operating partner of Beneway Holdings Group, Ltd. USA (“Beneway USA”), which itself is the parent company of I.Hart Group Taiwan, a company that operates 150 global franchised locations under a variety of brands and products, and Boom Fintech, a fintech company that develops and offers an all-in-one platform designed for merchants.
Over the last few months, both I.Hart Group and Boom Fintech have made substantial strides that bring SUIC closer to its expansion goals. In February, I.Hart, whose portfolio of brands and products includes MONGA(C) Taiwan style fried chicken, flower tea drinks, cloud kitchen management, AI smart machines, dumplings, and more, signed a brand cooperation agreement with 7-Eleven Group, Taiwan’s largest convenience store chain with more than 6,800 stores countrywide. The agreement opens up MONGA(C) Fried Chicken’s multi-channel distribution in Taiwan and through 7-Eleven’s international network of stores (https://ibn.fm/1MLUH).
This agreement, SUIC believed, also opens doors for more cooperation with U.S. brands and promotes overall business expansion, a belief that Hank reaffirmed during the recent interview. Hank noted that the cooperation with 7-Eleven represents “an unprecedented prospect to promote our long-term growth,” further noting that the company will leverage its fast-growing competitive affiliations to “offer additional value to customers in different parts of the world.” In addition, and separately, I.Hart is working on integrating more successful brands into its family, targeting 25 different brands to enter the US franchise market in 50 states. And as Hank put it in the interview, the company hopes to replicate I.Hart Group’s unique multi-brand model in the U.S.
On its part, Boom Fintech, which holds nine revolutionary fintech patents, recently reported to work with BD Bankers to access credit of up to $100 million in intellectual property (“IP”) financing intended to support the creation of a revolutionary B2B financing platform for merchants and franchisees and boost supply chain integration for suppliers (https://ibn.fm/JfHzb).
The efforts of both I.Hart Group and Boom Fintech are expected to accelerate Beneway’s plans for an initial public offering (“IPO”). Beneway intends to file the S-1 form with the Securities and Exchange Commission (“SEC”) later this year as part of its plans to list on a national stock exchange in what is expected to maximize SUIC’s corporate and shareholder value, according to Hank. In addition to the planned IPO, SUIC has additional plans for 2024.
“SUIC expects to significantly expand our product markets, making 2024 its best year yet,” explained Hank. “Looking forward, SUIC will continue to introduce more co-branding products in the U.S. with other prestigious brands to expand our business. [In addition,] we would like to focus on Fintech through industry supply chain integration, global chain and franchise expansion, and other supply chain integrations to enhance and streamline existing processes and establish new and exciting business models that will create revolutionary products and services.”
To listen to the interview, please visit https://ibn.fm/vViFQ
For more information, visit the company’s website at www.SinoUnitedCo.com.
NOTE TO INVESTORS: The latest news and updates relating to SUIC are available in the company’s newsroom at https://ibn.fm/SUIC
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