Longtop Financial announces closing of follow-on public offering

Date Added: November 26, 2009 06:14:48 AM

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Category: Electronic & Instrument Enclosures

Longtop Financial Technologies Limited (NYSE: LFT) ("Longtop" or the "Company"), a leading software developer and solutions provider targeting the financial services industry in China, Tuesday announced the closing of its follow-on public offering of 4,255,000 American depositary shares, or ADSs, representing 4,255,000 ordinary shares of the Company replica handbags.
The offering included a total of 555,000 ADSs sold by the Company pursuant to the underwriters' over-allotment option, which was exercised in full. The Company received aggregate net proceeds of approximately $US127 million, after deducting underwriting discounts and commissions, but before deducting offering expenses payable by the Company LED spotlights.
Deutsche Bank Securities Inc. and Morgan Stanley & Co. International plc acted as joint bookrunners for the offering.
About Longtop Financial Technologies Limited
Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China LED recessed light. Headquartered in Beijing, Longtop has six solution delivery centers, three research and development centers and 95 ATM service centers located in 27 out of 31 provinces in China.

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