Longtop Financial investor Tiger Global sells 3.02 million shares

By Lisa Kerner

Charlotte, N.C., Aug. 13 - A group of Longtop Financial Technologies Ltd. investors led by Tiger Global Management, LLC sold 3,016,760 shares of the company's stock between June 26 and Aug. 12 priced from $26.00 to $30.77, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

Between June 9 and June 19, Tiger Global sold 1,649,318 shares and kept a 14.6% interest, a prior SEC filing said.

Tiger Global beneficially owns 4,439,534 shares, or 8.7%, of the Xiamen, China IT services company.

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