SUI Group Holdings officially changed its name from Mill City Ventures III and changed its stock trading code to SUIG on Nasdaq from August 26, 2025.
The name change aims to promote the asset accumulation strategy, strengthen the exclusive partnership with the Sui Foundation, focus on developing the Sui network, and increase long-term value for shareholders.
MAIN CONTENT
SUI Group Holdings is the only public company officially collaborating with the Sui Foundation.
The name change and trading code of SUIG on Nasdaq will take effect from August 26, 2025.
The company continues to invest in expanding assets with $20 million to purchase additional SUI Tokens.
What kind of company is SUI Group Holdings and why was it renamed?
SUI Group Holdings was previously Mill City Ventures III – the financial unit of the SUI ecosystem, rebranding to expand its asset accumulation strategy and strengthen collaboration with the Sui Foundation. The renaming helps position the company more clearly in the cryptocurrency field, reinforcing its prestige and facilitating long-term development.
The company announced its name change along with the change of its stock trading code to SUIG, effective from the trading session at the beginning of August 26, 2025, on the Nasdaq Capital Market. Despite the name and code change, the shares will still be listed, traded normally, and do not require shareholders to take any action.
What benefits does the partnership with the Sui Foundation bring to SUI Group Holdings?
SUI Group Holdings is the only public company with an official partnership with the Sui Foundation, the development platform of the Sui network. This relationship helps the company actively support promotion, develop the ecosystem, and leverage advantages in the process of technology integration and cryptocurrency product development.
In-depth collaboration increases sustainable development opportunities and enhances long-term value for shareholders. The main goal is to promote the Sui network's continuous expansion while enhancing the company's brand prestige in the financial market.
What investment moves has the company made recently?
On August 11, SUI Group Holdings continued to strengthen its assets by purchasing an additional $20 million in SUI Tokens, demonstrating strong confidence in the growth potential of the Sui ecosystem. This is a strategic move to accumulate assets and enhance its position in the cryptocurrency field.
This move also reaffirms the company's long-term commitment to the development of the Sui network while encouraging investor confidence in its ability to create sustainable value.
Frequently Asked Questions
Do shareholders need to do anything when the company changes its name and stock code?
Shareholders do not need to take any action, and the shares will still be maintained on Nasdaq with the new code SUIG.
How will SUI Group Holdings focus on development after the name change?
The company aims to support the development of the Sui network, enhance promotion, and create long-term value for shareholders.
Does the company plan to invest further in SUI Tokens?
On August 11, the company purchased an additional $20 million in SUI Tokens, demonstrating its commitment to continue accumulating assets.
Does the conversion of the SUIG security code affect options trading?
Options trading of stocks is still maintained normally on the Cboe Global Markets platform.
What is the main partner of SUI Group Holdings?
The company is the only official partner of the Sui Foundation among public companies.
Source: https://tintucbitcoin.com/sui-doi-ten-thanh-sui-group-holdings/
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