China Tobacco International (HK) (HKG:6055) said it entered a worldwide distribution agreement with China Tobacco Sichuan Industrial, according to a Hong Kong bourse filing Friday.
Shares of the tobacco company jumped nearly 13% in recent afternoon trade on Monday.
The company said its distribution agreement for the Great Wall cigars was extended from the original duty-free markets in Thailand, Singapore, Hong Kong and Macau, as well as the Chinese domestic duty-free market, to the global market.
The agreement excludes the Chinese Mainland region, the company said.
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