Oriental rise holding limited announces pricing of initial public offering

Ningde, china, oct. 16, 2024 (globe newswire) -- oriental rise holding limited (“oriental rise” or the "company") (nasdaqcm: oris), an integrated supplier of tea products in mainland china, today announced the pricing of its initial public offering (the "offering") of 1,750,000 ordinary shares at a public offering price of $4 per ordinary share, for total gross proceeds of $7 million, before deducting underwriting discounts and offering expenses. the offering is being conducted on a firm commitment basis. the ordinary shares are expected to commence trading on nasdaq capital market under the ticker symbol “oris” on october 17, 2024.
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