Liang Wenfeng's private equity firm has heavily invested in CXMT

Odaily Planet Daily News: According to the initial public offering prospectus of CXMT (Changxin Memory Technologies), national long-term funds such as the National Social Security Fund and the Basic Pension Insurance Fund, as well as industry chain leaders and large insurance institutions, participated in the strategic placement. Companies including Shenzhen San Kuai Network Technology Co., Ltd., NIO Power Technology (Hefei) Co., Ltd., ZTE Corporation, and Chery Intelligent Vehicle Technology (Hefei) Co., Ltd. were allocated an amount of 157,999,993.98 yuan, with a lock-up period of 18 months. Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. was allocated the same amount of 157,999,993.98 yuan, with a lock-up period of 36 months.

High-Flyer Quant participated in this offline placement with a proposed subscription price of 8.78 yuan per share. The maximum proposed subscription quantity per offline order was 230 million shares, with most of High-Flyer products reporting in the range of 70 million to 140 million shares. High-Flyer Quant mainly consists of Zhejiang Jiuzhang and Ningbo High-Flyer Quant, both registered with the Asset Management Association of China, with Liang Wenfeng as the actual controller. Liang Wenfeng holds 85% of the shares in Jiuzhang Asset and 85.15% of the shares in Ningbo High-Flyer Quant. (Deep Web Tencent News)