Bateau Asset Management has joined forces with SMC Entertainment, marking a significant milestone in the financial services landscape.
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Strategic Entry into the Global Financial Services Sector
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Robust Network of High-Net-Worth Clients
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Skilled Client Services Team Operating from Australia and Singapore
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Research and Advisory Functions That Enhance SMC Entertainment’s Fintech Framework
BOCA RATON, Fla. – SMC Entertainment, Inc. (“SMC” or the “Company”) has successfully finalized its Acquisition Agreement for a complete takeover of Bateau Asset Management, a boutique investment firm based in Australia. This move positions SMC to establish its footprint in the burgeoning Southeast Asia Fintech market.
Since its inception in 2016, Bateau has followed a dynamic absolute-return investment strategy characterized by a multi-manager investing approach. Their offerings include investment research and education designed to craft comprehensive absolute return portfolios tailored for client understanding.
According to the details of the Acquisition Agreement outlined in the Company’s recent filings, SMC has acquired Bateau in exchange for 14,000,000 shares of Series C Preferred Stock and $2 million in convertible promissory notes.
About Bateau Asset Management:
Established in Australia with a presence in Singapore, Bateau Asset Management embraces an absolute-return philosophy and a multi-manager investment strategy. For more information, visit their official website.
About SMC Entertainment, Inc.:
SMC is a dynamic holding company dedicated to the acquisition and support of successful financial services and technology entities. With a focus on growth through acquisition, SMC aims to bolster its revenue and shareholder value.
Contact Information for Press Inquiries:
Erik Blum
Chief Executive Officer
SMC Entertainment, Inc.
360-820-5973
Forward-Looking Statements Disclaimer:
This press release may contain forward-looking statements based on current expectations and available information. However, such statements are subject to various risks and uncertainties. The actual outcomes may differ significantly from those projected due to influences such as economic conditions, market dynamics, and other variables beyond the Company’s control. SMC makes no representations regarding the accuracy or reliability of these forward-looking statements.
