Investment firm Micro Connect Group has signed an agreement with mainland Hao Yue Catering Group Company Limited to establish a restaurant in Macau, the firm has announced in a statement.
The statement noted that the “Joy” restaurant, owned by Hao Yue, will be the first time Micro Connect will invest in a store in Macau, and will be a milestone in the group’s overseas investment.
The two companies held an agreement-signing ceremony in Macau on Wednesday.
Previously, the investment firm pledged that it would help local caterers in their capitalization and expansion of business.
Hao Yue is a mainland catering firm that has spent 20 years in the industry and is a market leader in meat processing, according to mainland websites. It has also been said that the catering firm aims at establishing an industry chain for health food products.
Secretary for Economy and Finance Lei Wai Nong, who attended the ceremony, described Micro Connect as an example of striving for development in Macau. He hopes that the investment firm can utilize Macau as a platform to blend international capital and physical economies to support the development of both mainland China and the SMEs of Macau.
Referring to the fact that 96% of local enterprises have become reliant on mobile payments, the senior official also expressed his hopes that these enterprises would “precisely combine” social capital with everyday accounts to explore wider markets.
Gary Zhang, founder and CEO of Micro Connect and CEO of MCEX, said that with the group’s investment debut in Macau, he hopes the digitalization of Macau’s consumer industry will be improved, facilitating integration of the digital and physical economy, and driving the digital revolution of the Macau economy.
The group added that in the future, it will continue helping local brands in Macau expand to the mainland Chinese market and introduce high-quality mainland Chinese brands to Macau, promoting the internal and external circulation of consumption.
