Oriental Rise signs non-binding letter of intent to acquire Daohe, Minji

Oriental Rise (ORIS) announced that it has entered into a non-binding letter of intent to acquire 100 percent of the equity interests of Fujian Daohe Tea Technology and Ningde Minji Tea, both leading tea distributors in China. The LOI marks a significant step in Oriental Rise’s strategy to expand and diversify its portfolio within China’s fast-growing consumer goods and wellness sectors. The Company will now begin comprehensive due diligence on the Targets and work toward negotiating a definitive acquisition agreement. The LOI is non-binding, and either party may terminate discussions at any time.