China's e-cigarette maker Smoore falls as major shareholder plans stake sale

Smoore International Holdings

28/04/2022 03:25

** Shares of e-cigarette maker Smoore International Holdings
Ltd  6969.HK  fall 6.2% to HK$16.40; biggest daily pct decline
since April 25, if losses hold
    ** Stock on track to snap two sessions of gains;
second-biggest pct decliner in the Hang Seng Composite index
 .HSCI  
    ** Company says EVE Energy Co Ltd  300014.SZ  will seek
shareholder approval to reduce its shareholding in Smoore by not
more than 3.5%, or 210.36 mln shares, within one year from date
of approval  urn:newsml:reuters.com:*:nFWN2WP28M
    ** EVE currently owns 31.64% of total issued shares of
Smoore
    ** EVE's Shenzhen-listed shares  300014.SZ  rise 2.1%
    ** Hang Seng consumer goods and services index  .HSCGSI 
slips 0.1% and Hang Seng Composite index tracking industrials
 .HSCIIG  climbs 0.9%
    **  .HSCI  and the benchmark Hang Seng index  .HSI  both
gain 0.8%

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