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Oriental Rise Holdings Limited Signs Non-Binding Letter of Intent to Acquire PoDu White Tea Beverage Brand and Related Assets
Proposed Transaction Expected to Expand Ready-to-Drink Product Portfolio, Enhance White Tea Value Chain, and Broaden Health-Oriented Consumption Scenarios NINGDE, China, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Oriental Rise Holdings Limited (“Oriental Rise” or the “Company”) (NASDAQ: ORIS), an integrated tea supplier in mainland China, today announced that it has entered into a non-binding letter of intent (“LOI”) to acquire the PoDu (“破独”) white tea beverage brand and certain related assets (the “Pro
About this update from Oriental Rise Holdings Limited
[{"type":"text","content":"Proposed Transaction Expected to Expand Ready-to-Drink Product Portfolio, Enhance White Tea Value Chain, and Broaden Health-Oriented Consumption Scenarios","length":154,"tagName":"p"},{"type":"text","content":"NINGDE, China, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Oriental Rise Holdings Limited (“Oriental Rise” or the “Company”) (NASDAQ: ORIS), an integrated tea supplier in mainland China, today announced that it has entered into a non-binding letter of intent (“LOI”) to acquire the PoDu (“破独”) white tea beverage brand and certain related assets (the “Proposed Transaction”). PoDu is a ready-to-drink (“RTD”) botanical tea beverage positioned around high-altitude white tea from Zherong County, Fujian Province.","length":501,"tagName":"p"},{"type":"text","content":"The Company believes the Proposed Transaction is highly aligned with its long-term strategic objectives, with a focus on extending the value chain of its core white tea category into RTD products, diversifying product formats, and enhancing brand reach into higher-frequency consumer occasions. Oriental Rise will conduct comprehensive due diligence on the PoDu brand and related assets and, subject to satisfactory results, proceed with negotiations toward a definitive transaction agreement. The LOI is non-binding, and the completion of any transaction remains subject to the completion of due diligence, the execution of definitive agreements, and other customary closing conditions.","length":687,"tagName":"p"},{"type":"text","content":"The PoDu beverage line is formulated using aged Shoumei white tea (typically aged three years or more) sourced from Zherong County, and is produced through a slow-boiling process together with selected botanical ingredients such as vine tea, monk fruit, and dried citrus peel. The product features a “zero sucrose, zero fat, zero artificial coloring, and zero preservatives,”profile, designed for a balanced taste suited for a broad range of consumption scenarios, including family gatherings, restaurant dining, and business entertainment.","length":540,"tagName":"p"},{"type":"text","content":"The Company expects the Proposed Transaction, if completed, to complement its existing tea garden resources in Zherong County, Ningde City, Fujian Province, and to further advance Oriental Rise’s strategy of selectively expanding across the tea value chain—from cu...