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

Mexico City hands over 50,376 vapes and e-cigarettes for destruction, valued at USD 570,000

Mexico City hands over 50,376 vapes and e-cigarettes for destruction, valued at USD 570,000

Mexico City Head of Government Clara Brugada handed over 50,376 vapes and e-cigarettes in the Zócalo for final destruction. The report puts the value at 10 million pesos (about USD 570,000) and says the goods were seized from a stall and a warehouse in the Historic Center, with one person detained because selling these products is illegal.

Jan.19 by 2FIRSTS.ai

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

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

China’s tobacco regulator has moved to introduce a credit management framework for e-cigarette manufacturers, outlining a system that links compliance records to regulatory oversight. The proposal forms part of a broader push to institutionalize supervision and improve transparency across China’s e-cigarette supply chain.

Tajikistan Signals Plan to Ban Use, Production and Circulation of E-Cigarettes

Tajikistan Signals Plan to Ban Use, Production and Circulation of E-Cigarettes

According to Kazinform, Tajikistan addressed the issue of electronic cigarettes during the fourth session of the Majlisi Milli, stating a position to prohibit the use, production, and circulation of e-cigarettes. Chairman Rustam Emomali emphasized that the position aims to protect public health and prevent negative impacts on youth and adolescents.

Dec.16 by 2FIRSTS.ai

Scottish retailers call for tougher action as illegal vape black market “deepens,” SGF says

Scottish retailers call for tougher action as illegal vape black market “deepens,” SGF says

Scottish retailers, through the Scottish Grocers’ Federation (SGF), are calling for tougher action and more investment to tackle a “deepening black market” in illegal vapes, including illegal sales to children. SGF warns the problem will worsen, with negative health impacts, if incoming regulations on vaping product sales are not carefully crafted and if shopkeepers’ views are not heard.

Jan.14 by 2FIRSTS.ai

Singapore HSA bust links two vape warehouses; Malaysian man jailed 41 weeks

Singapore HSA bust links two vape warehouses; Malaysian man jailed 41 weeks

HSA officers in Singapore staked out a Bishan warehouse after a tip-off and found a Malaysian man in a site containing thousands of vaporisers and components. Checks on his phone led to a second warehouse in Ubi with large quantities of devices and parts.

Jan.07 by 2FIRSTS.ai

Azerbaijan Imposes Comprehensive E-Cigarette Ban Covering Import, Export, Sales and Use, Effective April 1

Azerbaijan Imposes Comprehensive E-Cigarette Ban Covering Import, Export, Sales and Use, Effective April 1

Azerbaijan has approved amendments to its tobacco law that introduce a comprehensive ban on e-cigarettes and their components, covering import, export, production, storage, wholesale and retail sales, and use. Nicotine-containing e-cigarettes are classified as tobacco products under the revised framework. The law takes effect on April 1, 2026.

Jan.27 by 2FIRSTS.ai

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Mexico City hands over 50,376 vapes and e-cigarettes for destruction, valued at USD 570,000

Mexico City hands over 50,376 vapes and e-cigarettes for destruction, valued at USD 570,000

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

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

Tajikistan Signals Plan to Ban Use, Production and Circulation of E-Cigarettes

Tajikistan Signals Plan to Ban Use, Production and Circulation of E-Cigarettes

Scottish retailers call for tougher action as illegal vape black market “deepens,” SGF says

Scottish retailers call for tougher action as illegal vape black market “deepens,” SGF says

Singapore HSA bust links two vape warehouses; Malaysian man jailed 41 weeks

Singapore HSA bust links two vape warehouses; Malaysian man jailed 41 weeks

Azerbaijan Imposes Comprehensive E-Cigarette Ban Covering Import, Export, Sales and Use, Effective April 1

Azerbaijan Imposes Comprehensive E-Cigarette Ban Covering Import, Export, Sales and Use, Effective April 1