China's Smoore rises as consumption tax not to be levied on co's e-cigarette sales

China Boton

04/11/2022 02:51

** Shares of China's vaping device maker Smoore
International Holdings Ltd  6969.HK  rise as much as 8.6% to
HK$11.10, among the 20 most active traded shares by turnover
    ** The Guangdong-based co says China's consumption tax, in
accordance to its preliminary understanding, will not be levied
on its sale and export of electronic cigarettes  urn:newsml:reuters.com:*:nFWN31ZA2B
    ** Shares of rivals climb with China Boton Group  3318.HK ,
Huabao International  0336.HK  and China Tobacco International
 6055.HK  up between 1.4% and 2.7%
    ** Hang Seng Consumption Index  .HSCGSI  surges 4.6%, Hang
Seng Composite Index  .HSCI  rises 4.2%, and Hang Seng Index
 .HSI  up 4.3%
    ** As of last close, Smoore shares down 74.3% this year
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))