US Stock Market Move | Fujian Eastern Red (ORIS.US) Soars Over 25% and Plans to Acquire Controlling Stake in Hubei Daguan Tea Industry Group.

On Wednesday, Oris (ORIS.US) from East Fujian surged over 25%, closing at $1.53. On the news front, on December 30th, East Fujian announced the signing of a non-binding letter of intent to acquire a controlling stake in Hubei Daguan Tea Industry Group, aiming to strengthen control over upstream supply and optimize product portfolio. According to information, East Fujian Group grows, processes, and refines white and red tea in Fujian province, China, and sells tea to distributors and end consumers in China. Primary processing of white tea is East Fujian's core product.