Beijing-based Chinese restaurant chain Porridge Jiahe, backed by Sequoia Capital and Yunfeng Capital, is being acquired by Shenzhen Stock Exchange-listed Xi'an Catering Co., Ltd., according to a securities filing. Xi'an Catering, whose shares have halted trading because of the planned transaction, is to acquire 100% of Porridge Jiahe by issuing new shares. Details of the […]
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