While it is true that there has been no news so far this morning in relation to Sino United Worldwide Consolidated Ltd (OTCQB:SUIC) so far, it may be a good time for investors to consider taking a look at an announcement from earlier this month on April 11.
The company announced that along with SUIC Beneway it had appointed new directors. The directors had been appointed at two of the biggest financial technology in Malaysia, namely IK Finance and GKASH. Both of those fintech companies have significantly large operations and have clocked millions of transactions. That had enabled these companies to generate revenues of more than $1 billion over the course of the past few years.
It was a major new announcement from the company and in this regard, it is also necessary to note that these two companies are going to work on some quite exciting projects. The two entities are expected to support the growth of advanced technology platforms as well as digital payment services. The aim of developing such projects is to make sure that the company could make a dent in the global supply chain market that is currently valued at as much as $21 trillion.
SUIC Beneway is going to be responsible for providing the expertise, the programs and the fintech platforms related to a range of fintech products so that the project to proceed smoothly. It marks a new era for the company as it embarks on a process of cornering a major portion of the Malaysian market through these two fintech companies. The Chief Executive Officers of the two companies have been working closely the director of SUIC BenewayManinderBhullarin recent times in order to chart out a path. It may be a good time to keep an eye on the company’s stock.
