ELFBAR Reveals Details of Refusal of BAT Acquisition for the First Time
HeavenGift revealed that BAT had proposed to acquire ELFBAR in August 2022. After four months of negotiations, HeavenGift rejected the acquisition proposal. In February of this year, HeavenGift’s subsidiary, ELFBAR, was found to have “excessive e-liquid” in the UK market, which experts believe is a common strategy in the international tobacco industry known as “acquisition […]