SUIC Midas Touch to Set Up A Trust Account With $200 Million Fund Commitments from Taiwan Top 4 Family Investment Groups, Taiwan Largest Crypto Exchange Bitoex and Major Investment Manager Hong Van Exchange and Other Private Investors

Rhea-AI Summary

Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) announced a $200 million investment commitment from top Taiwanese family groups, Taiwan's largest crypto exchange BitoEx, and Vietnam's Hong Van Exchange. These investments aim to bolster the development of SUIC's DeFi technology and a new all-in-one payment platform. BitoEx handles over $20 billion in digital currency trades since 2002, while Hong Van Exchange offers CFD trading and asset management services. The funds are expected to significantly enhance SUIC's ventures and technology applications.

Positive

• Secured $200 million from major Taiwanese family investment groups.
• Partnership with BitoEx, the largest crypto exchange in Taiwan.
• Potential for accelerated development in DeFi technology.

Negative

• None.

NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / June 17, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC), Midas Touch of UK have $200 Million Fund investment commitment from Taiwan's top-4 family investment groups, Taiwan's largest crypto exchange BitoEx, Vietnam's major investment group Hong Van Exchange, and with other private wealthy investors.

SUIC is confident that these investments will drive further development and acceleration of the Company's breakthrough DeFi technology. These major investment commitments come just after SUIC Midas Touch have recently launched their breakthrough DeFi all-in-one platform which is poised to be a global major payment gateway.

BitoEx is the largest digital asset exchange DEX in Taiwan and BitoPro, an international fiat-crypto exchange, has digital currency trading volume exceeding 20 billion U.S. dollars since its inception in 2002.
https://www.bitoex.com/about/bitoex?locale=en

Hong Van Exchange and Hong Van MFO offer derivative based CFD trading services as well as advisory and discretionary portfolio management services, wealth structuring, estate and wealth transfer, family business advisory and administration for high-net worth families. https://hongvan.win/faq.php?lang=EN

About Midas Touch, United Kingdom

Midas Touch is established in the United Kingdom in 2010, is a duly registered company with a business license to operate. Midas Touch offers safeguards against fraud in the digital currency domain, e.g. counterfeit transfer of digital cash in wallets. Focus on digital asset management and provides enterprises with a decentralized finance (DeFi) and other comprehensive supply chain innovative financial services. Thereby, solve the capital turnover problems in both of supply and demand site. To know more about Midas Touch, visit their website at www.midas-touch.io.

About Sino United Worldwide Consolidated Ltd., USA

The Sino United Worldwide Consolidated 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

Certain the information set forth herein contains 'forward-looking information', including 'future-oriented financial information'; and 'financial outlook' under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development, or otherwise under consideration; (vi) renewal of the Company's current agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained herein are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Contacts
Sino United Worldwide Consolidated Ltd.
New Release Department
929-391-2550

SOURCE: Sino United Worldwide Consolidated Ltd.

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FAQ

What is the recent investment commitment announced by SUIC?

Sino United Worldwide Consolidated Ltd. announced a $200 million investment commitment from top Taiwanese family investment groups and major partners.

Who are the investors in SUIC's recent funding announcement?

Investors include Taiwan's top-4 family investment groups, BitoEx, and Hong Van Exchange.

How will the $200 million investment impact SUIC?

The investment aims to enhance the development of SUIC's DeFi technology and an all-in-one payment platform.

What is BitoEx's role in SUIC's funding?

BitoEx is Taiwan's largest crypto exchange, contributing to SUIC's investment and technological development.