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 joint operation seized $19,000 worth of vape liquid in Likas

Malaysia joint operation seized $19,000 worth of vape liquid in Likas

More than 2,300 units of vape liquid worth over RM75,000 were seized during an integrated operation at premises in Likas near Kota Kinabalu. During Ops Taring Landai E-Cigarette Mega on Feb 10 night, the Marine Police, Sabah Health Department officials and district police detected a shop displaying 92 types of vape pods and, after further searches, found 2,353 units of vape liquid stored on the premises.

Feb.11 by 2FIRSTS.ai

Virginia asks Fourth Circuit to stay order blocking parts of its unauthorized-vape sales law

Virginia asks Fourth Circuit to stay order blocking parts of its unauthorized-vape sales law

Virginia has asked the U.S. Court of Appeals for the Fourth Circuit to stay a district court order that blocks enforcement of certain provisions of a state law restricting the sale of unauthorized vaping products. The district court held the law was preempted to the extent it enforced federal requirements under the FDCA and the Tobacco Control Act.

Jan.21 by 2FIRSTS.ai

Tennessee’s “Tobacco Product Retail Licensing Act” Would Require New Licenses for Tobacco and Vapes

Tennessee’s “Tobacco Product Retail Licensing Act” Would Require New Licenses for Tobacco and Vapes

A newly introduced Tennessee bill, S.B. 2086, would create a statewide tobacco product retail licensing system, move oversight to the Tennessee Alcohol Commission, and impose fees and escalating penalties. The proposal also requires all tobacco product sales to occur as in-person, over-the-counter transactions at licensed locations—effectively banning direct-to-consumer shipping of cigars and potentially restricting curbside or phone-order pickup models.

Jan.28 by 2FIRSTS.ai

Australia: NSW police and ABF seize illicit tobacco and vapes worth over A$1.6 million in Sydney’s southwest

Australia: NSW police and ABF seize illicit tobacco and vapes worth over A$1.6 million in Sydney’s southwest

In Australia’s New South Wales, a joint operation in Sydney’s southwest led to the seizure of illicit tobacco and vape products valued at over A$1.6 million (about US$1.09 million) from a warehouse in Riverwood.

Jan.22 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.

Guam names retailers fined for selling tobacco to under-21 customers; penalties range from $2,000 to $4,000

Guam names retailers fined for selling tobacco to under-21 customers; penalties range from $2,000 to $4,000

Guam disclosed enforcement details for its 2025 tobacco retail compliance program, showing a 97.1% compliance rate among 277 inspected retailers. Nine violations were recorded, including eight underage sales cases and one signage violation, with fines ranging from $500 to $4,000.

Feb.10 by 2FIRSTS.ai

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Malaysia joint operation seized $19,000 worth of vape liquid in Likas

Malaysia joint operation seized $19,000 worth of vape liquid in Likas

Virginia asks Fourth Circuit to stay order blocking parts of its unauthorized-vape sales law

Virginia asks Fourth Circuit to stay order blocking parts of its unauthorized-vape sales law

Tennessee’s “Tobacco Product Retail Licensing Act” Would Require New Licenses for Tobacco and Vapes

Tennessee’s “Tobacco Product Retail Licensing Act” Would Require New Licenses for Tobacco and Vapes

Australia: NSW police and ABF seize illicit tobacco and vapes worth over A$1.6 million in Sydney’s southwest

Australia: NSW police and ABF seize illicit tobacco and vapes worth over A$1.6 million in Sydney’s southwest

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

Guam names retailers fined for selling tobacco to under-21 customers; penalties range from $2,000 to $4,000

Guam names retailers fined for selling tobacco to under-21 customers; penalties range from $2,000 to $4,000