Oriental Rise Holdings, a vertically-integrated tea producer in China, raised $7 million by offering 1.75 million shares at $4.00. The company originally filed in October 2023 to sell 3.0 million shares.
Through operating subsidiary Fujian Min Dong Hong Tea Technology Co., the Ningde, China-based company grows processed and refined white tea and black tea leaves in Fujian province. Oriental Rise sells its tea to distributors and end customers in China. The company has contractual management and cultivation rights agreements for approximately 7.2 square kilometers of tea gardens in Fujian.
Oriental Rise Holdings plans to list on the Nasdaq under the symbol ORIS. Tiger Brokers acted as sole bookrunner on the deal.
