According to media reports, recently, Bain Capital announced that it will acquire Gongcha. According to reports, the transaction amount is over US$635 million. According to the Tianyancha App, Gongcha Restaurant Management Co., Ltd. was established in January 2012. The legal representative is Cai Hongren, with a registered capital of 1 million US dollars. Currently, the company has been cancelled. Furthermore, all 21 branches under its umbrella have been cancelled.

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