- SUIC invests in promising private and public enterprises to help them develop and expand products and services that can make good use of financing as well as the latest technologies like the Internet of Things (“IoT”), cloud computing, mobile payments, Big Data, blockchain, artificial intelligence (“AI”), and more
- The company has invested in and partners with Beneway USA, which operates two subsidiaries, I.Hart Group and Boom FinTech Inc., and is looking to launch an IPO soon
- I.Hart Group plans to open 750+ franchise stores in North America and Asia, up from 150 stores at the beginning of this year
- SUIC and Beneway also plan to expand into Europe, Australia, along with Central and South America
- To achieve their expansion targets, SUIC and Beneway are looking to obtain funding through debt financing and capital markets financing
SUIC Worldwide Holdings (OTC: SUIC) provides specialized consulting services to help small and micro-cap companies, which traditionally find it difficult to access capital, to operate in the public markets. SUIC leverages its management team’s experience in risk management and exit planning, as well as its research and development competencies and global network of investments and professionals, to help its customers speed up the development and commercialization of their products and services (https://ibn.fm/ruEwh).
Strategic in it investments, SUIC targets both private and public enterprises, helping organizations develop products and services that leverage technologies like the Internet of Things (“IoT”), cloud computing, mobile payments, Big Data, blockchain, artificial intelligence (“AI”), and more. In implementing this strategy, SUIC invested in Beneway Holdings Group Ltd. USA (“Beneway USA”), which operates two subsidiaries, I.Hart Group and Boom FinTech Inc. Beneway USA is looking to launch an initial public offering (“IPO”) soon.
In its pre-IPO presentation, Beneway USA documented its future exponential growth potential. The presentation noted Beneway’s – and, by extension, SUIC’s – plans to open 750+ franchise stores in North America and Asia through I.Hart Group. SUIC and Beneway intend to achieve this plan prior to the IPO (https://ibn.fm/n1UKo).
At the beginning of this year, I.Hart Group operated 150 global franchised locations under various brands and products, including Monga(C) Taiwan-style fried chicken, flower tea drinks, cloud kitchen management, AI smart machines, hot pot, and more. Since then, I.Hart Group has signed franchise authorization agreements that will see the number of franchised stores in Asia grow to 200 stores by year-end and over 500 stores over the next five years (https://ibn.fm/wXYRO).
Still, I.Hart Group intends to integrate more successful brands and catering groups into its portfolio in Asia, initially targeting 25 different strong brands. The subsidiary also intends to replicate its successful multi-branding business model in the U.S. It plans to team up with top franchise marketing and sales agencies to enter the U.S. franchise market in 50 states and subsequently expand, achieving its target of 750 franchises and self-owned restaurants.
In addition to implementing the franchising strategy in Asia and North America, SUIC and Beneway USA aim to expand into Europe, Australia, and Central and South America using a multi-prong strategy that entails developing and delivering products and services anchored in artificial intelligence, fintech, and global supply chain integration.
To achieve these expansion targets, SUIC and Beneway announced December last year a collaboration with BD Banka, a Financial Industry Regulatory Authority (“FINRA”)-registered broker-dealer banker, looking for up to $15 million pre-IPO debt and equity financing. SUIC expects to use the funds to acquire several major fintech and catering group companies as well as to finance its supply chain integration process and pre-IPO franchising that will expedite Beneway’s IPO (https://ibn.fm/0crsY).
SUIC will use part of the financing in supply chain integration: the company will leverage its supply chain fund and AI fintech supply chain platform to provide more innovative financial products to merchants and franchisees that will accommodate franchisees’ urgent need for expansion. SUIC and Beneway USA have already launched this platform, a B2B2C system developed in conjunction with Boom Fintech (https://ibn.fm/2WJFP).
“We are quite excited for this financing round to support the pre-IPO franchising and business expansion that allows for the flexibility to scale up as our business grows. At the same time, we are transforming the industry by adopting a revolutionary multi-branding cuisine-specific business model. As we enter major markets in the U.S., Europe, and other parts of the globe, we will have more aggressive mergers and acquisitions and franchising with financing plans,” said SUIC CEO Hank Wang in the December 2023 news release.
SUIC is also focused on obtaining financing from investors to complement and supplement its existing sources of funding. Mr. Hank commented on this financing approach, saying, “Through capital market financing, we aim to build extensive retail and supplier network in each country and solidify our position as a leading player in the global catering franchise and fintech market. We are intent on achieving the highest value for our shareholders.”
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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