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

Odaily Planet Daily News According to the initial public offering prospectus of ChangXin Memory Technologies, national-level long-term funds such as the National Social Security Fund and the Basic Pension Insurance Fund, as well as upstream and downstream industry chain leaders 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 allocations amounting to 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 Quant participated in this offline IPO allocation with a proposed subscription price of 8.78 yuan per share. The maximum proposed subscription quantity per offline bid was 230 million shares, with most of High-Flyer's products placing bids in the range of 70 million to 140 million shares. High-Flyer Quant mainly consists of Zhejiang Jiuzhang and Ningbo High-Flyer Quant. Both are registered with the Asset Management Association of China, with the actual controller being Liang Wenfeng. Liang Wenfeng holds 85% of the shares in Jiuzhang Assets and 85.15% of the shares in Ningbo High-Flyer Quant. (Shenwang Tencent News)