Oriental Rise Holdings Ltd. has announced that it has signed a non-binding letter of intent to acquire 100 percent of the equity interests in Fujian Daohe Tea Technology Co., Ltd. and Ningde Minji Tea Co., Ltd., two leading tea distributors in China. This potential acquisition is part of Oriental Rise's strategy to enhance its tea distribution network in China and strengthen its vertical integration. Dezhi Liu, CEO of Oriental Rise, expressed that integrating Daohe and Minji would significantly expand the company's distribution capabilities and improve supply-chain efficiency, aligning with their goal to deliver premium tea products and create sustainable value. The company will now conduct thorough due diligence and work towards finalizing a definitive acquisition agreement.
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