Seeking to purchase old shares of CXMT; Transferring LP shares of the fund holding OpenAI shares | Capital Information Message Board, Issue 170
In the asset trading market, information changes rapidly, and it's difficult to distinguish between true and false news. Even if both buyers and sellers spend a lot of time and energy, it's often very challenging to facilitate transactions. To help both buyers and sellers more quickly connect with market information and potential trading counterparts, and to avoid unnecessary investment and waste, we have specially created this column.
This article is the 170th issue of this column. If you are interested in the relevant trading leads mentioned in this article and hope to contact these potential trading counterparts, or if you directly hold funds or assets that you wish to trade, you are welcome to contact us. (Email: zcjy@36kr.com)
I. New Additions This Month
1. Transfer of LP Shares in a Fund Holding Old Shares of OpenAI (Expected Valuation: $500 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of $500 Billion
Asset Size: Approximately $30 - $60 Million in Shares
Transaction Method: LP Shares, with a 10% Management Fee and No Carry
2. Transfer of LP Shares in a Fund Holding Old Shares of ByteDance (Expected Valuation: $340 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of $340 Billion
Asset Size: Approximately $70 Million in Shares
Transaction Method: LP Shares, with Management Fee and Carry
3. Seeking to Purchase Old Shares of ChangXin Memory Technologies (Expected Valuation to be Negotiated)
Nature of the Buyer: Direct Buyer
Transaction Price: Expected Valuation to be Negotiated, at the Market Fair Price
Asset Size: Approximately 30 Million Shares
Transaction Method: Preference for Old Shares, LP Shares Negotiable Depending on Conditions
4. Transfer of Old Shareholdings in Interstellar Glory Space Technology Co., Ltd. (Expected Valuation: 9.6 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of 9.6 Billion
Asset Size: Approximately $30 Million in Shares
Transaction Method: Direct Old Shareholdings
5. Transfer of LP Shares in a Fund Holding Shares of OpenAI (Expected Valuation of Approximately $50 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of Approximately $50 Billion
Asset Size: Approximately $50 Million in Shares
Transaction Method: LP Shares, with Management Fee and Carry
6. Transfer of LP Shares in a Fund Holding Shares of Anthropic (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation to be Negotiated
Asset Size: Approximately $50 Million in Shares
Transaction Method: LP Shares, with Management Fee and Carry
7. Transfer of LP Shares in a Fund Holding Shares of ByteDance (Expected Valuation: $345 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of $345 Billion
Asset Size: Approximately $60 Million in Shares
Transaction Method: SPV Shares, Requiring the Entire $60 Million in Shares to be Taken Over in One Go
8. Transfer of LP Shares in a Fund Holding Shares of ByteDance (Expected Valuation: $340 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of $340 Billion
Asset Size: Approximately $100 Million in Shares
Transaction Method: SPV Shares, Requiring the Entire $100 Million in Shares to be Taken Over in One Go
9. Transfer of LP Shares in a Fund Holding Shares of Zhongqing Technology (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation to be Negotiated
Asset Size: Approximately 60 Million Shares
Transaction Method: LP Shares, with Management Fee and Carry
10. Transfer of LP Shares in a Fund Holding Shares of a Leading Humanoid Robot Company (Expected Valuation of Approximately 39 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of Approximately 39 Billion
Asset Size: Approximately 60 Million Shares
Transaction Method: LP Shares, with Management Fee and Carry
11. Transfer of LP Shares in a Fund Holding Shares of Zhiyuan Robotics (Expected Valuation of Approximately 25 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of Approximately 25 Billion
Asset Size: Approximately 50 Million Shares
Transaction Method: LP Shares, with Management Fee and Carry
12. Seeking to Purchase Old Shares of OpenAI (Expected Valuation to be Negotiated)
Transaction Price: Expected Valuation to be Negotiated
Asset Size: Approximately $6 - $10 Million
Transaction Method: Can Accept Entering the Structure, and the Price Depends on Whether to Bear the Management Fee and Carry
Contact Information: zcjy@36kr.com
13. Seeking to Purchase Old Shares of Xiaohongshu (Expected Valuation: 38 Billion)
Transaction Price: Expected Valuation of 38 Billion
Asset Size: Approximately $10 Million
Transaction Method: Can Accept Entering the Structure
Contact Information: zcjy@36kr.com
14. Seeking to Purchase Old Shares of ByteDance (Expected Valuation: $320 Billion)
Transaction Price: Expected Valuation of $320 Billion
Asset Size: Approximately $30 - $50 Million in Shares
Transaction Method: Depends on Whether to Bear the Management Fee and Carry
Contact Information: zcjy@36kr.com
15. Seeking to Purchase Old Shares of Xiaohongshu (Expected Valuation of Around $38 Billion)
Transaction Price: Expected Valuation of Around $38 Billion
Asset Size: Approximately $30 - $50 Million
Transaction Method: Can Accept Entering the Structure, and the Price Depends on Whether to Bear the Management Fee and Carry
Contact Information: zcjy@36kr.com
16. Seeking to Purchase Old Shares of Weilan New Energy (Expected Valuation: 8 Billion RMB)
Transaction Price: Expected Valuation of 8 Billion RMB
Asset Size: Approximately $30 - $50 Million
Transaction Method: Requires the Shareholding of a Named Shareholder
Contact Information: zcjy@36kr.com
17. Seeking to Purchase Old Shares of Henan Wuxing New Materials (Expected Valuation: 11 Billion RMB)
Transaction Price: Expected Valuation of 11 Billion RMB
Asset Size: Approximately $30 - $50 Million
Transaction Method: Requires the Shareholding of a Named Shareholder
Contact Information: zcjy@36kr.com
18. Transfer of LP Shares in a Fund Holding Shares of Zhiyuan Robotics (Expected Valuation of Approximately 21 Billion)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of Approximately 21 Billion
Asset Size: Approximately 60 Million Shares
Transaction Method: LP Shares, with Management Fee and Carry
19. Transfer of LP Shares in a Fund Holding Old Shares of Muxi Technology (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: Expected Valuation of Approximately to be Negotiated
Asset Size: Approximately 30 - 60 Million Shares
Transaction Method: LP Shares, with Management Fee and Carry
II. Asset Acquisition
1. Seeking M&A Targets in the Upstream and Downstream of the Medical Device Industry (Expected Valuation to be Negotiated)
Nature of the Buyer: Direct Buyer
Transaction Price: Expected Valuation to be Negotiated, Requiring Profitability
M&A Requirements: 1. Within Jiangsu Province (Preferably within the Greater Suzhou - Wuxi - Changzhou Area); 2. Six Major Areas Related to Linhua's Business, Such as Pain Treatment Consumables, Interventional Treatment Consumables (Including Endoscopes), Surgical Consumables, Innovative Wound Treatment Consumables, and Life - Support Consumables like Anesthesia; 3. Consider Active Devices as Well, with a Focus on Consumables (Including Equipment Systems), Excluding Large Imaging Devices; 4. Require a Core Team to Be Fully Committed.
Transaction Method: Invest 30 - 50 Million to Achieve at Least 51% Control, Provide 100 - 200 Million in Funds and Free Office Space and Factory Buildings, and Provide a Channel Network for the Enterprise through the Company's 300 Barriers and 3000+ Distributors.
2. Seeking M&A Targets in the Upstream and Downstream of the Small Home Appliance Industry (Expected Valuation to be Negotiated)
Nature of the Buyer: Direct Buyer
Transaction Price: Expected Valuation to be Negotiated, within 2 Billion
M&A Requirements: Requires Profitability
Transaction Method: Control M&A, Cash M&A, Also Consider Strategic Investment
3. Seeking to Purchase Old Shares of Songyan Power
Transaction Price: To be Negotiated
Asset Size: Approximately 20 - 30 Million RMB in Shares
Transaction Method: Direct Old Shares
Contact Information: zcjy@36kr.com
4. Seeking to Purchase Shares of Dongfang Jingyuan Microelectronics (Expected Valuation to be Negotiated)
Nature of the Buyer: Direct Buyer
Transaction Price: Expected Valuation to be Negotiated
Transaction Amount: 20 - 30 Million in Shares
Contact Information: zcjy@36kr.com
5. Seeking to Purchase Old Shares of Unitree Robotics (Expected Valuation: 15 Billion RMB)
Transaction Price: Expected Valuation of 15 Billion RMB
Asset Size: Approximately 50 Million Shares
Transaction Method: Hopes for Direct Shares or LP Shares without Management Fees
Contact Information: zcjy@36kr.com
6. Seeking to Purchase Old Shares of Unitree Robotics (Expected Valuation: 15 Billion RMB)
Transaction Price: Expected Valuation of 15 Billion RMB
Asset Size: Approximately 50 Million Shares
Transaction Method: Hopes for Direct Shares or LP Shares without Management Fees
Contact Information: zcjy@36kr.com
III. Asset Transfer / Capital Increase
1. Transfer of LP Shares in a Fund Holding Shares of Lalamove (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: To be Negotiated
Asset Size: 2 Million USD in Shares
Transaction Method: LP Shares, without Management Fee and Carry
2. Transfer of LP Shares in a Fund Holding Shares of WoFei ChangKong Technology (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: To be Negotiated
Asset Size: Approximately 60 Million Shares
Transaction Method: LP Shares, with Management Fee and Carry
3. Transfer of LP Shares in a Fund Holding Shares of Aifoguangtong (Expected Valuation of Approximately 6.6 Billion)
Nature of the Seller: Direct Seller
Transaction Price: To be Negotiated
Asset Size: Approximately 60 Million Shares
Transaction Method: LP Shares, with Management Fee and Carry
4. Transfer of LP Shares in a Fund Holding Shares of Rokid (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: To be Negotiated
Asset Size: Approximately 50 Million RMB in Shares
Transaction Method: LP Shares, with Management Fee and Carry
5. Transfer of LP Shares in a Special Fund for a Leading Generative AI Enterprise in the Innovative Drug Field (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: To be Negotiated
Asset Size: 10 Million RMB in Shares
Transaction Method: Management Fee of 2%, Carry of 20%
Other Instructions: LP Shares, One - Layer Structure
6. Transfer of Old Shares in a Leading Commercial Aerospace Enterprise (Expected Valuation to be Negotiated)
Nature of the Seller: Direct Seller
Transaction Price: To be Negotiated
Asset Size: 50 Million RMB in Shares
Transaction Method: Transfer of Named Shareholder Shares
7. Transfer of LP Shares in a Special Fund for a Leading Project in the UHMWPE High - Strength Fiber Track (Expected Valuation: 3.8 Billion RMB)
Asset Highlights: The UHMWPE high - strength fiber produced by the company fills the domestic gap in this product. Previously, only DSM in the Netherlands and Honeywell in the United States could produce similar materials in the world. Currently, the company has comprehensively surpassed in terms of product performance, production technology, environmental protection, and cost. It is the absolute world leader in both production and sales.
Nature of the Seller: Direct Seller
Transaction Price: 3.8 Billion RMB
Asset Size: 30 Million RMB in Shares
Transaction Method: Management Fee of 2%, Carry of 20%
Other Instructions: LP Shares, One - Layer Structure
8. Transfer of LP Shares in a Special Fund for Zongmu Technology, a Leading Enterprise in the Autonomous Driving Field
Nature of the Seller: Direct Seller
Transaction Price: 9 Billion RMB Before Investment
Current Round: Pre - IPO Round
Asset Size: 20 Million RMB in Shares
Transaction Method: Management Fee of 2%, Carry of 20%
Other Instructions: LP Shares, One - Layer Structure, Named Direct Investment
9. Transfer of Shares in a Leading Enterprise in the Semiconductor Wafer Field (Expected Valuation to be Discussed in Person)
Asset Introduction: The company owns a 200mm semiconductor wafer production base with leading technology and scale in China, as well as an advanced 300mm semiconductor wafer fully - automated intelligent