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.

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.

China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

Glas, the FDA, and the Future of Flavored ENDS

Glas, the FDA, and the Future of Flavored ENDS

Kazakhstan’s Almaty crackdown: Telegram channels used to sell banned vapes, six face charges

Kazakhstan’s Almaty crackdown: Telegram channels used to sell banned vapes, six face charges

Authorities in Almaty have uncovered a large illegal vape distribution scheme, seizing and destroying more than 180,000 vapes. Prosecutors said potential revenue from sales could have exceeded 1 billion tenge. Suspects allegedly sold the banned products through Telegram channels and social media, storing inventory in warehouses and covert locations.

Feb.27 by 2FIRSTS.ai

Elfbar warns flavour bans could push over 50,000 Scottish vapers back to smoking

Elfbar warns flavour bans could push over 50,000 Scottish vapers back to smoking

Elfbar said restricting vape flavour choices—potentially under the Tobacco and Vapes Bill—could disrupt established quitting behaviours and increase relapse risk among former smokers. An Opinium survey commissioned by the company reported fruit and sweet flavours have risen in popularity among adult vapers quitting smoking in Scotland, with 62% now using them most often to quit, up from 34% in December 2024.

Feb.28 by 2FIRSTS.ai

KT&G Aims to Accelerate Launch of New Heated Tobacco Innovation Platform

KT&G Aims to Accelerate Launch of New Heated Tobacco Innovation Platform

KT&G Chief Executive Officer Bang Kyung-man said at the annual shareholders meeting on March 26 that although the company expects a challenging environment marked by stronger protectionism and a high exchange rate, it will continue on a stable growth path through strategic choice and focus.

Mar.26 by 2FIRSTS.ai

Alberta Seeks to Add New Vape Restrictions on Top of Existing Tobacco Framework

Alberta Seeks to Add New Vape Restrictions on Top of Existing Tobacco Framework

A new Alberta bill aimed at reducing vaping rates, especially among young people, is moving into the legislative process. Bill 208, the Vaping Reduction Act, was introduced by United Conservative Party MLA Chelsae Petrovic and appears to build on the province’s existing Tobacco, Smoking and Vaping Reduction Act. Early reporting suggests the bill could focus on disposable vapes and impose further limits on youth access to vaping products.

Apr.15 by 2FIRSTS.ai

BAT faces London shareholder lawsuit over alleged disclosure failures tied to North Korea business

BAT faces London shareholder lawsuit over alleged disclosure failures tied to North Korea business

British American Tobacco is facing a shareholder lawsuit in London alleging it failed to properly disclose to markets information about breaches of U.S. sanctions linked to its North Korea-related business. BAT agreed in 2023 to pay more than $635 million to U.S. authorities after a subsidiary admitted conspiring to violate U.S. sanctions by selling tobacco products to North Korea and committing bank fraud from 2007 to 2017.

Mar.05 by 2FIRSTS.ai

Uzbekistan to impose full ban on nicotine delivery devices from March 1,2026

Uzbekistan to impose full ban on nicotine delivery devices from March 1,2026

Uzbekistan will enforce a total ban on the circulation of electronic nicotine delivery systems from March 1, covering legal sales, storage and imports. Consumers are offered a legal option to avoid criminal liability by voluntarily handing prohibited devices to law enforcement. The report says imports had already effectively stalled in early 2025, leaving sellers to clear remaining stock.

Feb.27 by 2FIRSTS.ai

Related Topics

News

Related Read

Kazakhstan’s Almaty crackdown: Telegram channels used to sell banned vapes, six face charges

Kazakhstan’s Almaty crackdown: Telegram channels used to sell banned vapes, six face charges

Elfbar warns flavour bans could push over 50,000 Scottish vapers back to smoking

Elfbar warns flavour bans could push over 50,000 Scottish vapers back to smoking

KT&G Aims to Accelerate Launch of New Heated Tobacco Innovation Platform

KT&G Aims to Accelerate Launch of New Heated Tobacco Innovation Platform

Alberta Seeks to Add New Vape Restrictions on Top of Existing Tobacco Framework

Alberta Seeks to Add New Vape Restrictions on Top of Existing Tobacco Framework

BAT faces London shareholder lawsuit over alleged disclosure failures tied to North Korea business

BAT faces London shareholder lawsuit over alleged disclosure failures tied to North Korea business

Uzbekistan to impose full ban on nicotine delivery devices from March 1,2026

Uzbekistan to impose full ban on nicotine delivery devices from March 1,2026