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Oriental Rise Holdings Limited Announces Pricing of $6.9 Million Public Offering
Globenewswire· 2025-07-22 12:45
Core Viewpoint - Oriental Rise Holdings Limited is conducting a public offering of up to 14,800,000 Units at a price of US$0.4681 per Unit, aiming to raise approximately US$6.9 million for various corporate purposes [1][2]. Group 1: Offering Details - The Offering consists of Units that include one Ordinary Share and one Common Warrant, with the Common Warrant exercisable at the same price as the Unit [1]. - The Common Warrants will have a downward adjustment in exercise price to 70% and 50% of the initial price on the 5th and 10th trading days post-closing, respectively [1]. - The Offering is expected to close on July 23, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated for general corporate purposes, working capital, sales network expansion, and production capacity enhancement [2]. Group 3: Company Overview - Oriental Rise Holdings Limited is an integrated supplier of white and black tea products in mainland China, with operations covering cultivation, processing, and sales [6]. - The company operates tea gardens in Zherong County, Ningde City, Fujian Province, focusing on both wholesale and retail markets [6].
Oriental Rise Receives Nasdaq Notification Regarding Minimum Bid-Price Requirement
Globenewswire· 2025-07-07 19:05
Core Viewpoint - Oriental Rise Holdings Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid-price requirement due to its ordinary shares trading below US $1.00 for 30 consecutive business days [1][2]. Compliance Status - The closing bid price of the Company's ordinary shares was below US $1.00 from May 15, 2025, to June 27, 2025 [2]. - The Company has a 180-calendar-day compliance period, ending on December 29, 2025, to regain compliance with the minimum bid-price rule [2]. - If the closing bid price reaches at least US $1.00 for a minimum of 10 consecutive business days during this period, Nasdaq will confirm compliance [2]. Potential Actions - If compliance is not regained within the initial period, the Company may be eligible for an additional 180-calendar-day grace period, provided it meets other continued-listing criteria [3]. - The Company may consider implementing a reverse stock split if necessary to regain compliance [3]. Company Operations - Oriental Rise is an integrated supplier of tea products in mainland China, focusing on white and black tea [5]. - The Company's operations include cultivation, processing, and sale of tea products to both wholesale distributors and retail customers [5]. - The Company operates tea gardens located in Zherong County, Ningde City, Fujian Province [5].
Planet Green Holdings Corp. Expands Sales Channels Through Strategic Partnership in Inner Mongolia Market
Prnewswire· 2025-06-10 12:00
Core Viewpoint - Planet Green Holdings Corp. announced a strategic partnership between its subsidiary Xianning Bozhuang Tea Products Co., Ltd. and Inner Mongolia Lvtaiyuan Agricultural Products Co., Ltd. to expand sales channels and access new markets [1][2] Group 1: Partnership Details - The partnership will allow Bozhuang to supply its high-quality black tea products to Lvtaiyuan's established sales network, enhancing market reach [1] - Inner Mongolia is identified as a major consumer market for black tea, presenting significant growth potential for Bozhuang's flagship product [2] - Lvtaiyuan, as a leading distributor in the region, provides unparalleled access to the black tea market, combining Bozhuang's production expertise with Lvtaiyuan's distribution strength [2]