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China's Sealand Sec says forged bond agreements involved no more than $2.4 bln
December 22, 2016 / 8:16 AM / in 8 months

China's Sealand Sec says forged bond agreements involved no more than $2.4 bln

SHANGHAI, Dec 22 (Reuters) - Chinese brokerage house Sealand Securities said on Thursday it was operating normally and liquidity risks were under control.

Sealand Securities said in a filing to the Shenzhen Stock Exchange that forged bond agreements involved in the latest scandal was no more than 16.5 billion yuan ($2.38 billion).

The remarks made by the brokerage came after it said on Tuesday that it was inspected by the country's top securities regulator.

Sealand Securities defaulted on a bond transaction with Bank of Langfang, in China's northern Hebei province, following the recent tumble in bond prices, local media reported.

$1 = 6.9466 Chinese yuan Reporting by Winni Zhou and David Stanway; Editing by Jacqueline Wong

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