ORIS
$0.40
Oriental Rise Holdings Limited, through its subsidiaries, engages in planting, cultivating, processing, and selling of primarily-processed tea in Mainland China.
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Oriental Rise signs non-binding LOI to acquire PoDu white tea beverage brand
Oriental Rise (ORIS) Holdings entered into a non-binding letter of intent to acquire the PoDu white tea beverage brand and certain related assets. PoDu is a ready-to-drink botanical tea beverage positioned around high-altitude white tea from Zherong County, Fujian Province. The Company believes the Proposed Transaction is highly aligned with its long-term strategic objectives, with a focus on extending the value chain of its core white tea category into RTD products, diversifying product formats
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