Smoore International rises as China issues national standards for e-cigarettes

Smoore International Holdings

13/04/2022 03:07

** Shares in Smoore International Holdings Ltd  6969.HK ,
one of China's top e-cigarette vendors, jump more than 6% as
China's market regulator unveiled technical standards for
e-cigarettes which will go into effect starting Oct. 1
 urn:newsml:reuters.com:*:nL2N2WA0OT
    ** It on Tuesday listed the requirements for design,
chemical compounds, and the mechanics for e-cigarettes that
domestic manufacturers must meet in order to sell their products
    ** It marks another milestone for China's e-cigarette
industry
    ** In March, tobacco authorities issued a finalised version
of rules that stipulate other requirements for e-cigarette
companies in China
    ** Shares in Smoore have fallen almost 70% since the first
draft rules were published in December 2021
     ** Meanwhile, Smoore repurchased 3.1 mln shares of co on
market at average purchase price per share of about HK$16.35 on
Tuesday  urn:newsml:reuters.com:*:nFWN2WA0SG
    ** The Hang Seng Index  .HSI  is almost flat
    
    


 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))