Longtop Financial Technologies investor sells shares, keeps 17.7% stake

By Lisa Kerner

Charlotte, N.C., March 13 - A group of Longtop Financial Technologies Ltd. investors led by Tiger Global Management, LLC sold 1,132,100 shares of the company's stock on March 9 for $17.69 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Tiger Global beneficially owns 8,951,065 shares, or 17.7%, of the Xiamen, China IT services company.

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