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.

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China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

SICPA Secures Five-Year UK Vape Tax Stamp Contract

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Thai Customs Region 2 seizes 22,800 YOOZ-branded vape pod heads

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Denver’s Flavored Tobacco Ban Faces Constitutional Challenge From Vape Trade Group

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China’s Tobacco Regulator Moves to Introduce Credit Management Framework for E-Cigarette Manufacturers， Greater Transparency May Improve International Assessability of China’s Supply Chain

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