Longtop Financial investor Tiger Global sells shares, keeps 6.8% stake

By Lisa Kerner

Charlotte, N.C., Aug. 13 - A group of Longtop Financial Technologies Ltd. investors led by Tiger Global Management, LLC sold 946,262 shares of the company's stock between Sept. 16 and Sept. 22 priced from $26.37 to $26.51 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

Between June 26 and Aug. 12, Tiger Global sold 3,016,760 shares and kept an 8.7% interest, a prior SEC filing said.

Tiger Global beneficially owns 3,491,928 shares, or 6.8%, of the Xiamen, China IT services company.

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