Jeffrey Feinberg slashes by half his passive stake in China Information Security Technology

By E. Janene Geiss

Philadelphia, Dec. 2 - Investor Jeffrey L. Feinberg and JLF Asset Management, LLC decreased to 4.81% their investment in China Information Security Technology, Inc. as of Nov. 25, according to an SC 13G/A filing with the Securities and Exchange Commission.

That represents a passive stake of 2,273,629 shares.

Those holdings are down from the investment of 9.57%, or 4,511,602 shares, that the investor reported owning in another SC 13G/A filing on Sept. 12.

On Oct. 29, 2007, Feinberg initially reported a passive stake of 5.92%, or 2,628,893 shares, according to an SC 13G filing.

China Information Security Technology is a Shenzhen, China-based application software developer, systems integrator and Geographic Information Systems solutions provider to the public security and civil-use markets.

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