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

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

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

The report says South Korea’s Ministry of Economy and Finance (referred to as the finance ministry) will directly lead crackdowns on illegal distribution and “upward manipulation” of nicotine concentrations in liquid e-cigarettes, after cases of extremely high-strength nicotine liquids circulating at retail shops were highlighted.

Feb.28 by 2FIRSTS.ai

WHO warns Europe will remain the world’s biggest tobacco consumer by 2030 as vaping fuels youth uptake

WHO warns Europe will remain the world’s biggest tobacco consumer by 2030 as vaping fuels youth uptake

According to Euronews, the World Health Organization (WHO) says its European Region—53 countries across Europe and Central Asia—is projected to remain the world’s largest tobacco consumer by 2030. While overall tobacco use is declining, e-cigarettes and flavoured nicotine products are capturing a new generation.

Feb.27 by 2FIRSTS.ai

South Korea’s Seoul Gangnam District Installs “Separated Smoking Booths” , Splitting Cigarettes and Vapes

South Korea’s Seoul Gangnam District Installs “Separated Smoking Booths” , Splitting Cigarettes and Vapes

Seoul's Gangnam district introduces smoking booths on Tehran Road to combat public smoking and secondhand smoke issues.

Jan.23 by 2FIRSTS.ai

Bradford meeting told rising cannabis-vape use is a “threat to the younger generation”

Bradford meeting told rising cannabis-vape use is a “threat to the younger generation”

A licensing meeting in Bradford was told that the rising use of cannabis vapes is a “threat to the younger generation”. E-cigarettes containing THC are illegal for recreational purposes but have been found on sale in the district.

Dec.31 by 2FIRSTS.ai

South Dakota Senate Committee Advances Bill Tightening Nicotine Retail Rules

South Dakota Senate Committee Advances Bill Tightening Nicotine Retail Rules

South Dakota Senate Bill 221 (SB 221), which seeks to regulate the retail sale of nicotine products, has passed the Senate Health and Human Services Committee with a unanimous 7–0 recommendation. The bill was significantly amended, expanding from three to nine pages and shifting its focus from vapor products alone to all nicotine products.

FDA Commissioner Stresses “Predictability” as Science Chief Addresses Industry Uncertainty

FDA Commissioner Stresses “Predictability” as Science Chief Addresses Industry Uncertainty

FDA Commissioner Marty Makary briefly appeared at the February 10 PMTA roundtable, underscoring the importance of regulatory predictability. At the close of the session, Office of Science Director Matthew Farrelly responded to industry concerns over review uncertainty, stating the agency will issue a written summary of feedback, while reiterating that no fixed quantitative risk benchmark governs authorization decisions.

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

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

WHO warns Europe will remain the world’s biggest tobacco consumer by 2030 as vaping fuels youth uptake

WHO warns Europe will remain the world’s biggest tobacco consumer by 2030 as vaping fuels youth uptake

South Korea’s Seoul Gangnam District Installs “Separated Smoking Booths” , Splitting Cigarettes and Vapes

South Korea’s Seoul Gangnam District Installs “Separated Smoking Booths” , Splitting Cigarettes and Vapes

Bradford meeting told rising cannabis-vape use is a “threat to the younger generation”

Bradford meeting told rising cannabis-vape use is a “threat to the younger generation”

South Dakota Senate Committee Advances Bill Tightening Nicotine Retail Rules

South Dakota Senate Committee Advances Bill Tightening Nicotine Retail Rules

FDA Commissioner Stresses “Predictability” as Science Chief Addresses Industry Uncertainty

FDA Commissioner Stresses “Predictability” as Science Chief Addresses Industry Uncertainty