Xibei Secures Additional Capital Injection, Founder's Stake Diluted

Deep News03-16

Xibei Catering Group, based in Inner Mongolia, has undergone a commercial registration change, welcoming Lin Lairong as a new shareholder. The company’s registered capital increased from approximately 102 million yuan to 104 million yuan. This follows a previous capital raise in January, when registered capital grew from 89.9 million yuan to about 102 million yuan.

As a result of the latest capital expansion, the ownership stakes of several existing shareholders, including founder Jia Guolong and Beijing Xibei Enterprise Management Co., Ltd., have been diluted. Jia Guolong’s shareholding decreased from around 26.16% to approximately 25.60%.

Established in October 2017, Inner Mongolia Xibei Catering Group Co., Ltd. is legally represented by Jia Guolong. Its business scope covers catering services, food production, online food sales, and restaurant management. The company is now jointly held by Beijing Xibei Enterprise Management Co., Ltd., Jia Guolong, and the newly added shareholder, among others.

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