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

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BAT Appoints Constantinescu as CFO,He Previously Spent 16 Years at the Company

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Apr.09 by 2FIRSTS.ai

ITC Keeps Exclusion and Cease-and-Desist Orders in Place Against Stiiizy

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Apr.07 by 2FIRSTS.ai

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Mar.04 by 2FIRSTS.ai

South Korea’s Revised Tobacco Business Act to Take Effect, With Penalties for Unauthorized Sales

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Mar.25 by 2FIRSTS.ai

South Korea’s finance ministry to directly crack down on illegal high-nicotine vape liquids

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Feb.28 by 2FIRSTS.ai

Japan to Raise Tobacco Taxes and Corporate Income Tax From April 1 to Help Fund Defense Spending

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Mar.27 by 2FIRSTS.ai

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