China's e-cigarette maker Boton at 4-mth high on securing licence to produce e-1iquid

China Boton

08/07/2022 05:16

** Shares of Chinese e-cigarette products manufacturer China
Boton Group Co Ltd  3318.HK  soar as much as 24.5% to HK$4.63,
the biggest daily pct rise since Nov. 23, and on track for
fourth consecutive session of gain
    ** Company says two of its units have obtained Tobacco
Monopoly Production Enterprise Licence from China's State
Tobacco Monopoly Administration for production of e-liquid,
which is the liquid for use inside an e-cigarette  urn:newsml:reuters.com:*:nFWN2YO1Q5
    ** Says the company has also made applications for the
licences of other areas in relation to electronic cigarette
business and will accelerate development of electronic cigarette
business to meet the electronic cigarette market expansion 
    ** Stock hits highest since March 2
    ** Stock of bigger rival Smoore International  6969.HK 
slips 0.8% 
    ** The Hang Seng Commerce & Industry Index  .HSNC  edges up
0.1% while the Hang Seng consumer goods and services index
 .HSCGSI  slips 0.6%
    ** The Hang Seng Composite Index  .HSCI  eases 0.1% while
the Hang Seng Index  .HSI  climbs 0.1%
    ** As of last close, stock of China Boton had fallen 10.4%
this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))