Min Dong Hong (ORIS, Financial), a comprehensive supplier of tea products from China, made a strong debut on the US stock market, with shares surging over 40% to $5.61. The company issued 1.75 million shares at a price of $4.00 each, raising $7 million in capital.
Based in Fujian Province, China, Min Dong Hong specializes in the cultivation, processing, and refinement of white and black tea. The group sells its tea to distributors and end consumers within China. The company's tea operations are centered in Tuorong County, Ningde City, Fujian Province, and they have secured contract management and cultivation rights over approximately 7.212 million square meters of tea gardens in the region.
