The controlling shareholder of Taiyuan Heavy Industry (600169.SH) plans to increase its holding of the company's shares by 80 million to 160 million yuan.

Taiyuan Heavy Industry (600169.SH) has announced that the company's controlling shareholder, Taiyuan Heavy Industry Group, intends to increase its holdings of the company's unrestricted tradable A shares through centralized competitive bidding on the Shanghai Stock Exchange trading system within 12 months from the date of the announcement. The amount of the planned increase in shareholding will be no less than 80 million yuan and no more than 160 million yuan, with the actual number of shares to be purchased depending on market conditions.