Jul. 28 at 12:39 PM
$ORIS Oriental Rise Holdings Limited (“Oriental Rise” or the “Company”) (NASDAQ: ORIS), an integrated tea supplier in mainland China , today announced that it has entered into a non-binding letter of intent (“LOI”) to acquire 100 percent of the equity interests of Fujian Daohe Tea Technology Co., Ltd. (“Daohe”) and Ningde Minji Tea Co., Ltd. (“Minji,” and together with Daohe, the “Targets”), both leading tea distributors in China .