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Stock impact report

SMC Entertainment Enters Letter of Intent to Acquire Boutique Investment Manager, Bateau Asset Management, Providing Entry to Australian and Southeast Asian Financial Services Market

SMC ENTERTAINMENT INC (SMCE) 
Company Research Source: GlobeNewswire
Bateau Asset Management brings to SMC Entertainment: Foundational acquisition into International Financial Services SectorWell-established client base of high-net-worth individualsFour global investment fundsExperienced global client services team based in Australia and SingaporeResearch and advisory capabilities complementary to SMC Entertainment Fintech platform BOCA RATON, Fla., Sept. 09, 2024 (GLOBE NEWSWIRE) -- SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK: SMCE), a Fintech incubator company focused on acquisition and support of commercialized services and technology (Fintech) companies, is pleased to announce that it has entered into a Letter of intent (“LOI”) to acquire a 100% interest in Australia-based Bateau Asset Management, a boutique global investment manager (“Bateau”). The acquisition will provide SMC with an initial presence in the Southeast Asia Fintech market. Since 2016, Bateau has offered an absolute-return investment philosophy delivered by a mul Show less Read more
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