UPDATE: Citron Research Sees Longtop Financial as Potential Takeover Target

Citron Research is out with a report discussing Longtop Financial's (OTC: LGTFY) potential of being a takeover target. Citron mentions that Lontop provides software solutions to China's largest banks and that their checks show that the company is still operational after it was delisted from NASDAQ. As a conclusion, the report states that "If the company was only "half a fraud" we could see the assets sold between $4-5 in the near term."