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<ul>
	<li><strong>SMC Entertainment Inc</strong>&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/smce#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">SMCE</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/03/ac20049933/smc-entertainment-divests-certain-non-core-wireless-assets-and-returns-shares-to-treasury" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">is divesting</a>&nbsp;its FiberSKY Networks subsidiary.</li>
	<li>SMC will return all assets concerning the FiberSKY acquisition to FiberSKY&#39;s original stakeholders for 20 million SMC&#39;s shares under the arrangement.</li>
	<li>SMC will issue 2 million new restricted shares of SMC to FiberSKY stakeholders.</li>
	<li>Recently,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/02/ac19815873/smc-entertainment-signs-definitive-purchase-agreement-to-acquire-spectrum-entertainment-llc" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">the company inked an agreement</a>&nbsp;to acquire Michigan-based Spectrum Entertainment LLC for equity of SMC Entertainment.</li>
	<li><strong>Price action:</strong>&nbsp;SMCE stock closed lower by 3.85% at $0.005 on Friday.</li>
</ul>


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