Sichuan Chuantou Energy's parent company plans share increase

Sichuan Chuantou Energy (SSE:600674) announced that its controlling shareholder, Sichuan Energy Development, plans to increase its holdings in the company. The share increase reflects confidence in Sichuan Chuantou Energy's future stability and development. Over the next 12 months, Sichuan Energy Development may increase its stake by between CNY500 million and CNY1 billion, funding the purchases through its own capital or self-raised funds. The company will buy A shares via the Shanghai Stock Exchange.