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Smoore shares soard more than 8% on news of a new policy

AASTOCKS ·  Apr 13, 2022 22:41

China's State Administration for Market Regulation and China Tobacco announced that manufacturers, wholesalers and retail market players with tobacco monopoly licenses may gradually start trading on the e-cigarette trade management platform beginning 15th June 2022.

The Administrative Measures for E-Cigarettes will be implemented from May, while the e-cigarette national standards will take effect from October. Therefore, the authorities confirmed the transitional period shall come to an end on 30th September.

$Smoore International Holdings Limited(06969.HK)$ increased 8.77% to HKD18.10 as at 10:35 am.

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