Smaller International and China Bank Sign Deposit Agreement

Jan.09.2023

Smaller International and China Bank Sign Deposit Agreement

Simaor International signs structured deposit agreement with China Bank for RMB35 billion, to be paid from available cash reserves.

Simo International announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary, Shenzhen Mackwell, has updated its structured deposit agreement with China Bank, effective January 5, 2023. As per the agreement, Shenzhen Mackwell will purchase two structured deposits for a total of RMB 3.5 billion, with amounts of RMB 1.76 billion and RMB 1.74 billion each, respectively, after redeeming RMB 1.5 billion on December 28, 2022. The subscription will be funded by the group's existing cash reserves and free cash flow.

2FIRSTS will continue to follow the developments and bring you updates. Stay tuned.

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China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

Malaysia High Court Sets May 15 Ruling on NGOs’ Challenge to Vape Nicotine Poisons List Exemption

Malaysia High Court Sets May 15 Ruling on NGOs’ Challenge to Vape Nicotine Poisons List Exemption

Malaysia’s High Court has fixed May 15, 2026, to deliver its decision on a judicial review application by three NGOs challenging the government’s move to exempt vape liquids and gels from the Poisons List. The applicants argue the March 31, 2023 delisting effectively deregulated vape products and created a prolonged gap until Act 852 took effect in October 2024.

Jan.30 by 2FIRSTS.ai

San Francisco reaches $1 million settlement with nicotine pouch retailer Lucy Goods

San Francisco reaches $1 million settlement with nicotine pouch retailer Lucy Goods

In the United States, California, San Francisco City Attorney David Chiu announced a $1 million settlement requiring online tobacco retailer Lucy Goods, Inc. to stop shipping illegal tobacco products into San Francisco.

Jan.09 by 2FIRSTS.ai

Nepal: 80 cartons of e-cigarettes seized, valued at US$150,000

Nepal: 80 cartons of e-cigarettes seized, valued at US$150,000

In Nepal’s Mustang district, authorities seized 80 cartons of e-cigarettes valued at NPR 22,459,320 (approximately US$150,000) in Lomanthang Rural Municipality-4, Nechung, and detained a 32-year-old man, Pema Lama. The account says the e-cigarettes were allegedly brought illegally from China three to four days earlier and loaded near the Korala Nepal–China border point before being intercepted.

Jan.13 by 2FIRSTS.ai

Malaysian Langkawi marine police seize vape devices and e-liquid worth US$43,902

Malaysian Langkawi marine police seize vape devices and e-liquid worth US$43,902

In Langkawi, Malaysia, the Marine Police seized various vape devices and e-liquid valued at RM178,400 (about US$43,902.99). Authorities believe the goods were intended to be smuggled out to a neighboring country.

Jan.15 by 2FIRSTS.ai

PMI says it submitted evidence to FDA panel backing ZYN bid for modified-risk status

PMI says it submitted evidence to FDA panel backing ZYN bid for modified-risk status

Philip Morris International said it presented scientific evidence to the U.S. Food and Drug Administration’s Tobacco Products Scientific Advisory Committee to support its ZYN nicotine pouches seeking a modified risk tobacco product designation, which would allow the company to communicate to adult smokers that switching completely to ZYN could reduce the risk of multiple smoking-related diseases.

Jan.26 by 2FIRSTS.ai

British American Tobacco to close South Africa cigarette plant by end-2026, citing illicit trade squeezing legal market

British American Tobacco to close South Africa cigarette plant by end-2026, citing illicit trade squeezing legal market

British American Tobacco South Africa (BATSA) said it will halt local production of factory-made cigarettes and close its manufacturing plant in Heidelberg, Gauteng by the end of 2026, shifting to an import-led supply model. The company said illicit cigarettes now account for about 75% of South Africa’s market, making local manufacturing “unsustainable” and putting around 230 jobs at risk.

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Malaysia High Court Sets May 15 Ruling on NGOs’ Challenge to Vape Nicotine Poisons List Exemption

Malaysia High Court Sets May 15 Ruling on NGOs’ Challenge to Vape Nicotine Poisons List Exemption

San Francisco reaches $1 million settlement with nicotine pouch retailer Lucy Goods

San Francisco reaches $1 million settlement with nicotine pouch retailer Lucy Goods

Nepal: 80 cartons of e-cigarettes seized, valued at US$150,000

Nepal: 80 cartons of e-cigarettes seized, valued at US$150,000

Malaysian Langkawi marine police seize vape devices and e-liquid worth US$43,902

Malaysian Langkawi marine police seize vape devices and e-liquid worth US$43,902

PMI says it submitted evidence to FDA panel backing ZYN bid for modified-risk status

PMI says it submitted evidence to FDA panel backing ZYN bid for modified-risk status

British American Tobacco to close South Africa cigarette plant by end-2026, citing illicit trade squeezing legal market

British American Tobacco to close South Africa cigarette plant by end-2026, citing illicit trade squeezing legal market