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A company under Liang Wenfeng used 153 private placement products to bid for Zhanxin Technology.

金色财经_
Golden Finance reported that on July 15, Liang Wenfeng, who has de facto control of Huanfang Quant, used 153 private placement products to take part in the company’s off-exchange (offline) IPO subscription for new shares, at a price of 8.78 yuan per share. As China’s leading storage-chip company, Changxin Technology will open subscriptions this Thursday, with an expected issuance of 66.88 billion shares. If the market value after listing reaches 2 trillion to 5 trillion yuan, the profit from winning one lot is expected to be about 10,000 to 33,000 yuan.
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