That article summary suggests that things are "business as usual", but that some sleight of hand may be at work here. It seems that shifting assets and operations to another company and leaving LGFTY twisting in the wind is what they're suggesting.
Longtop is dancing between Chinese and American regulations to keep from fully opening their books. If this is to get their story straight and do damage control or to take the money and run remains to be seen.
The question is how much can they get away with? There are a LOT of big players who got a black eye on this one. If Chinese regulators don't respond to this situation, Chinese companies may find it hard to raise capital in other markets. The big boys, having been bitten once (or twice, LGFTY isn't the only Chinese ticker with issues), may not touch future offerings with a ten foot chopstick.
News 
Market Data 
Discover 
