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«It doesn’t matter if this is a medicinal or tobacco product…»

The parent company of the Chinese firm SPV is Huabao, a major producer of tobacco and flavours for the tobacco (and food) industry in China. Huabao began to manufacture new products in the segment of electronic nicotine delivery systems (ENDS) as far back as four years ago. SPV was officially registered as a company in 2014. This became the symbol of the group’s entering a new era of manufacture of non-tobacco consumer products. The main purpose of SPV is manufacture of e-liquids and...

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