Smaller International and China Bank Sign Deposit Agreement

Jan.09.2023

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.

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Philip Morris International Restructures to Drive Its Smoke-Free Transformation

Philip Morris International (PMI) announced a new organizational model effective January 1, 2026, creating two main business units — PMI International and PMI U.S. — to accelerate its smoke-free strategy. The restructuring replaces four regional segments with three: International Smoke-Free, International Combustibles, and U.S., enhancing agility, governance, and long-term growth in reduced-risk products.

Nov.05 by 2FIRSTS.ai

2Firsts Exclusive | AVM President Allison Boughner: The U.S. Vape Market Reshapes Under a Regulatory Storm

Amid intensified regulation and sweeping market shifts, the U.S. vaping industry is undergoing a profound transformation. In an exclusive interview with 2Firsts, AVM President Allison Boughner discusses how enforcement is reshaping brands, distribution, products, compliance, and U.S.-based manufacturing.

Oct.20

Russian State Duma considers regulations to address widespread use of e-cigarettes among youth

Russian Duma considers comprehensive regulations to address widespread e-cigarette use among youth, including potential sales bans and flavor restrictions.

Oct.20 by 2FIRSTS.ai

BAT Japan to raise prices of glo heated-tobacco sticks by about 4%–5%

BAT Japan said it will raise retail prices by ¥20 (about $0.13) per pack for 16 glo heated-tobacco stick brands—11 Lucky Strike and five Kent—effective January 1, 2026. The company will also lift prices for 12 VELO nicotine pouch brands by ¥20–¥40 per pack from December 1, 2025.

Oct.21 by 2FIRSTS.ai