Smaller International and China Bank Sign Deposit Agreement

Jan.09.2023

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.

Russia’s Vape Market Squeezed by Excise Hikes and Criminal Marking Rules

According to Business FM, Russia’s vape and e-liquid supply has tightened since mid-Aug; by early Oct top liquids had largely disappeared and prices rose ~50% vs early summer. Shops cite a two-year excise hike to RUB 44/mL and, from Aug, criminal liability for unmarked goods (large-scale from RUB 100k), prompting withdrawals. Some chains report compliant substitutes. A bill would let regions ban vape sales.

Oct.30 by 2FIRSTS.ai

Belarus to Tighten Vape Regulations, Raise Excise Taxes in 2026

Belarusian lawmakers are drafting a new bill to regulate the vape market amid growing concern over youth nicotine use and the spread of illegal products. While a total ban is not planned, the focus will be on stricter licensing, advertising limits, and higher taxes.

Nov.19 by 2FIRSTS.ai

ARAC to 2Firsts | FDA’s Nicotine Pouch Pilot: What Hasn’t Changed Matters Most

In a contribution to 2Firsts, U.S. regulatory consultancy ARAC analyzes the FDA’s nicotine pouch PMTA pilot, cautioning that core evidentiary standards remain unchanged. The firm warns against overinterpreting the pilot and urges companies to act now rather than wait for uncertain regulatory shifts.

Oct.21

Philip Morris International to Boost Investment in the Philippines, Aiming to Make It a Smoke-Free Products Export Hub

PMI to make the Philippines a smoke-free export hub, citing strong regulation; upgrading local plants, expanding affordable supply; $14bn invested globally.

Oct.11 by 2FIRSTS.ai