STOCK TITAN

SUIC and I.Hart Group Celebrate Grand Opening of Monga(C) Taiwan Style Fried Chicken in Times Square- the 4th Store in Hong Kong-Macau Area, Launch Nationwide Franchise Plan in 6 Cities in Fujian with 25 Brands Partnerships and Hundreds of Stores Planned in the US for Beneway USA’s IPO

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
partnership
Rhea-AI Summary
SUIC Worldwide Holdings Ltd. (SUIC) and I.Hart Group open a new Monga Taiwan style fried chicken store in Time Square, Hong Kong, marking their fourth store in the Hong Kong-Macau area. With successful collaborations and 90 stores in 10 countries, they plan to expand further in China and the U.S., gearing up for the IPO of Beneway USA.
Positive
  • None.
Negative
  • None.

NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / February 13, 2024 / SUIC Worldwide Holdings Ltd. (OTC:SUIC) SUIC and I.Hart Group announces the grand opening of another Monga© Taiwan style fried chicken store in Time Square, Hong Kong. It is the fourth store in Hong Kong-Macau area. Seizing the momentum provided by successful cooperation with over 25 food brands, it is rolling out its nationwide franchise plan in six cities in the Fujian province, China. It is now preparing to open a few hundred stores in the U.S. to pave the way for the initial public offering of Beneway USA.

I.Hart Group's Monga© Taiwan style fried chicken has expanded its network to 90 stores and outlets in 10 countries. Monga© is teaming up with partners in 6 major cities in Fujian province: Fuzhou, Xiamen, Zhangzhou and three others with a total population over 40 Million people. It is working for a major retail push by launching a nationwide franchise development initiative in China. For more information about Monga, please visit www.mongag.com

I.Hart Group is the subsidiary of Beneway USA and is operating 150 global franchised locations under a variety of brands and products in its portfolio including hot pot, Monga Taiwan style fried chicken, flower tea drinks, dumplings, cloud kitchen management, AI Smart machines, and more. It is working on integrating more successful brands into its family in Asia, such as Thai Food, Hainan Chicken, Asia style BBQ skewer, Asian preserved dried fruit among others, targeting 25 different brands to enter the US franchise market in 50 states.

"SUIC is the biggest investor, shareholder and major operating partner of Beneway USA. SUIC's Starry Project is advancing inclusive growth plans in the USA, which supports Beneway's subsidiary - Monga© Taiwan's expansion. SUIC is a staunch supporter of Beneway IPO and aims to mobilize funding capital at scale toward attaining our common goals. Therefore, our participation in this IPO sets a lofty benchmark for using catalytic capital to facilitate Beneway's IPO." said Hank Wang, CEO.

About SUIC Worldwide Holdings Ltd., USA

SUIC Worldwide Holdings Ltd. provides research and development, venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from this company's diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. To learn more, please visit www.sinounitedco.com

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release is considered considering all Company filings contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Contact

SUIC Worldwide Holdings Ltd.

New Release Department

929-391-2550

SOURCE: SUIC Worldwide Holdings Ltd.



View the original press release on accesswire.com

FAQ

How many Monga Taiwan style fried chicken stores are there in Hong Kong?

The recent opening in Time Square, Hong Kong, marks the fourth store in the Hong Kong-Macau area.

In how many countries is I.Hart Group's Monga brand present?

Monga Taiwan style fried chicken has expanded its network to 90 stores and outlets in 10 countries.

What is the next step for SUIC and I.Hart Group in terms of expansion?

They are rolling out a nationwide franchise plan in six cities in the Fujian province, China, and preparing to open hundreds of stores in the U.S. for the IPO of Beneway USA.

With whom is Monga partnering in the Fujian province?

Monga is teaming up with partners in six major cities in Fujian province, including Fuzhou, Xiamen, and Zhangzhou, with a total population of over 40 million people.

What initiative is Monga launching in China?

Monga is launching a nationwide franchise development initiative in China for a major retail push.

SUIC WORLDWIDE HOLDINGS

OTC:SUIC

SUIC Rankings

SUIC Latest News

SUIC Stock Data

3.61M
2.92M
74.25%
Information Technology Services
Technology
Link
United States of America
Flushing