On Thursday, China's comprehensive tea product supplier Min Dong Hong (ORIS.US) debuted on the US stock market, soaring over 40% as of the time of publication, to $5.61.
According to the Securities Times app, on Thursday, China's comprehensive tea product supplier Min Dong Hong (ORIS.US) debuted on the US stock market, soaring over 40% as of the time of publication, to $5.61. The company issued 1.75 million shares of stocks at a price of $4.00 per share, raising $7 million. The data shows that the company grows, processes, and refines white and red tea in Fujian province, China. Min Dong Hong sells its tea to distributors and end consumers in China. The tea gardens operated by Min Dong Hong are located in Tuorong County, Ningde City, Fujian province. To date, the company has signed contract management and planting rights agreements for about 7.212 million square meters of tea gardens in Fujian province.
