China's vaping device maker Smoore jumps most in 16 months on bonds issue

Smoore International Holdings

12/11/2021 06:35

** Shares of China vaping device maker Smoore International
Holdings Ltd  6969.HK  jump 15.8% to HK$39.95, biggest daily
percentage gain since July 2020
    ** Stock set for fourth straight session of gains; second
biggest percentage gainer in Hang Seng Composite Index  .HSCI  
    ** Smoore says its major shareholder EVE Energy Co Ltd
 300014.SZ  has issued $350 mln Secured Guaranteed Exchangeable
Bonds due 2026 with the co's shares as the underlying (https://bit.ly/3krU0jO)
    ** Says major shareholder's unit EVE Battery Investment Ltd
has issued the exchangeable bonds, which are exchangeable into
58.54 mln shares, or 0.97% of Smoore's issued share capital, at
HK$46.58 per share 
    ** The board does not expect the deal to have any
significant impact on its business operations - Smoore 
    ** Shenzhen shares of EVE Energy gains 0.2% 
    ** Hang Seng consumer goods and services index  .HSCGSI 
rises 1.2% and Hang Seng Composite Index  .HSCI  climbs 0.4%
    ** The benchmark index  .HSI  gains 0.1%
    ** Smoore stock had fallen 42.4% this year as of last close

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