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Longtop Financial investor Tiger Global sells 1.65 million shares
By Lisa Kerner
Charlotte, N.C., June 26 - A group of Longtop Financial Technologies Ltd. investors led by Tiger Global Management, LLC sold 1,649,318 shares of the company's stock between June 9 and June 19 priced from to $26.03 to $29.56, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.
On March 9, Tiger Global sold 1,132,100 shares for $17.69 each, a prior SEC filing said.
Tiger Global beneficially owns 7,456,294 shares, or 14.6%, of the Xiamen, China IT services company.
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