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Latest Longtop Financial Technologies Limited Stories

2011-07-05 08:39:00

HONG KONG, July 5, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop" or the "Company") (NYSE: LFT) announced today that Thomas Gurnee, the Independent Director & Chairman of Audit Committee, Zuyun Xue and Yifeng Shen, the Independent Directors & Members of Audit Committee all tendered their resignations by email with effect from July 1, 2011. After attempting to retain them and taking the letters under advisement, the Board has finally accepted their...

2011-06-01 11:32:00

HONG KONG, June 1, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop" or the "Company") (NYSE: LFT) announced today that the Board has formally accepted the resignation of Derek Palaschuk, the Company's Chief Financial Officer. He tendered his resignation by letter, dated May 19, 2011. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 This announcement contains forward-looking statements within the meaning of the safe harbor...

2011-05-18 15:01:00

HONG KONG, May 18, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE:LFT), a leading software developer and solutions provider targeting the financial services industry in China, hereby announces that the Company will not announce fourth quarter and fiscal year 2011 financial results on Monday May 23, 2011, as previously announced. The Company plans to publish an announcement on the new date of fourth quarter and fiscal year 2011 earnings reporting once the...

2011-05-16 04:00:00

HONG KONG, May 16, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, announced that the Company has won a new contract with a leading city commercial bank in China to provide risk management solutions, having successfully delivered data integration and Business Intelligence (BI) solutions to the customer previously. Under the terms of contract,...

2011-05-10 06:28:00

HONG KONG, May 10, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), today issued a statement in response to a purported research report published by OLP Global. The report claimed, among other things, that Longtop and a Xiamen-based HR company, Xiamen Longtop Human Resource Service Co. Ltd. (XLHRS), are related parties, that Longtop under-contributed employee benefits, and that it conducted questionable acquisitions. As discussed in detail below,...

2011-04-28 06:05:00

HONG KONG, April 28, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop" or the "Company") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced that it has increased its previously-announced share repurchase program by US$50 million, to a total of up to US$100 million. The Company's board of directors also shortened the period of the repurchase program to one year. The program, as...

2011-04-27 08:49:00

HONG KONG, April 27, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited (Longtop) (NYSE: LFT), today announced that it will release financial results for its Fourth Quarter and Full Year ended March 31, 2011, on May 23, 2011, after the market closes. In addition, Longtop states that its policy is not to comment on unusual market activity or rumors. In view of the unusual market activity in the stock of Longtop Financial Tech Limited, the NYSE has contacted the company in...

2011-04-19 01:00:00

HONG KONG, April 19, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, recently announced the official launch of BI.MetaManager V2.0, an upgraded version of its Metadata Management Platform for Business Intelligence projects. Metadata is information embedded within data that describes its important attributes such as where it originated, what it...

2011-03-21 07:00:00

HONG KONG, March 21, 2011 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced the official launch of its new data archiving solution. Like many organizations worldwide, financial institutions in China are experiencing explosive data growth. They are facing big challenges in continuing to store and manage the high-volume data for...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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