Oriental Rise Holdings Limited Signs LOI to Acquire Daohe and Minji
SEC Filing 6-K (0001213900-25-069226)
Oriental Rise Holdings Limited (NASDAQ: ORIS) announced on July 28, 2025, that it has entered into a non-binding letter of intent (LOI) to acquire 100% of the equity interests of Fujian Daohe Tea Technology Co., Ltd. and Ningde Minji Tea Co., Ltd. This potential acquisition is part of Oriental Rise's strategy to strengthen vertical integration and expand its distribution capabilities within China's tea industry. The LOI marks a significant step in the company's efforts to diversify its portfolio and enhance its position in the consumer goods and wellness sectors. The company will now proceed with comprehensive due diligence and work towards negotiating a definitive acquisition agreement. The LOI is non-binding, and either party may terminate discussions at any time.