ARG argo investments limited

News: ARG BUZZ-China's vaping device maker Smoore jumps most in 16 months on bonds issue

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    ** 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

 
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