Editor's note: This story previously stated V-tea opened July 27, but the store is holding a re-opening event under new ownership.

V-tea, a Vietnamese tea and banh mi shop in Cypress, is undergoing a transition to new ownership, officials said.

The business is holding a grand re-opening event Aug. 24-25 to celebrate new ownership. The event will feature discounted items including 20% off banh mi sandwiches and tapioca drinks, a free plastic bottle with a straw to the first 50 customers on Aug. 24, and a free key chain for the first 50 customers on Aug. 25.