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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Glas, the FDA, and the Future of Flavored ENDS

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Smoore International (6969.HK) released its 2025 results on March 17 and held an investor presentation on the morning of March 18. In morning trade on March 18, the company’s shares fell more than 16% intraday, hitting a low of HK$9.94.

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2Firsts Flash｜PMI Reports 2025 Results as Smoke-Free Products Account for 41.5% of Net Revenues

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DTI drafts administrative order proposing an open-pod and e-liquid ban and opens it for public consultation

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Feb.10 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

JTI Korea Introduces Ploom AURA With Four Heating Modes and Four Device Colors

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Apr.01 by 2FIRSTS.ai

JTI UK Updates Nordic Spirit Packaging to Strengthen “Strength and Flavour” Guidance

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Mar.04 by 2FIRSTS.ai

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