Zhenbao Group establishes a joint venture company to operate restaurants in Xi'an | Lianhe Zaobao
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Jumbo Group will establish a joint venture in Xi'an to operate the "Jumbo Seafood" brand restaurant. The joint venture is jointly established by Jumbo's subsidiary Jumbo F&B Services and Beijing Hualian Catering Management Co., Ltd., with a registered capital of 1.5 million yuan. Jumbo holds 20% of the shares, while Beijing Hualian holds 80%. Jumbo Group believes that Xi'an is an important regional city with brand appeal in the local market, and the joint venture agreement will help it participate in market development and control investment risks
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