Longtop Financial investor Tiger Global sells shares, keeps 5% stake

By Lisa Kerner

Charlotte, N.C., Oct. 26 - A group of Longtop Financial Technologies Ltd. investors led by Tiger Global Management, LLC sold 951,362 shares of the company's stock between Oct. 14 and Oct. 20 at weighted average prices of $30.05 to $30.21 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Monday.

Between Sept. 16 and Sept. 22, Tiger Global sold 946,262 shares and kept a 6.8% interest, a prior SEC filing said.

Tiger Global beneficially owns 2,540,566 shares, or 5.0%, of the Xiamen, China IT services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.