Liang Wenfeng’s private fund has heavily invested in ChangXin Memory Technologies

Odaily Planet Daily News: According to the initial public offering announcement of ChangXin Memory Technologies, national long-term funds such as the National Social Security Fund and Basic Pension Insurance Fund, along with leading companies in the industry chain and large insurance institutions, participated in the strategic placement. Shenzhen SanKuai Network Technology Co., Ltd., NIO Power Technology (Hefei) Co., Ltd., ZTE Corporation, and Chery Intelligent Automotive Technology (Hefei) Co., Ltd. received an allocation of 157,999,993.98 yuan, with a lock-up period of 18 months. Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. received an allocation of 157,999,993.98 yuan, with a lock-up period of 36 months.

High-Flyer Quantitative participated in this offline IPO placement with a proposed subscription price of 8.78 yuan per share, with a maximum proposed subscription volume of 230 million shares per bid. Most of High-Flyer's products reported subscription volumes in the range of 70 million to 140 million shares. High-Flyer Quantitative primarily consists of Zhejiang Jiuzhang and Ningbo High-Flyer Quantitative. Both are registered with the Asset Management Association of China (AMAC), and the actual controller of both is Liang Wenfeng. Liang Wenfeng holds 85% of the shares in Jiuzhang Asset and 85.15% of the shares in Ningbo High-Flyer Quantitative. (Shenzhen Net Tencent News)