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June 26 (NBD) -- Chinese wine maker Sichuan Swellfun Co.,Ltd (Swellfun, 600779.SH) announced Tuesday that the company Monday received a written notification from its real controller Diageo plc, a British alcoholic beverages company.

Diageo plc expects to increase its stake in Swellfun to no more than 60 percent at 62 yuan (9.5 U.S. dollars) per share through its indirectly fully-owned subsidiary Grand Metropolitan International Holdings.

Grand Metropolitan indirectly owns approximately 194 million shares in Swellfun at present, about 39.71 percent of the Sichuan-based wine maker's total capital stock. 

It's noted that the previous close of Swellfun was 50.56 yuan (7.8 U.S. dollars) and the share rose by the daily limit of 10 percent in the early morning session Tuesday upon the announcement.  

Email： tanyuhan@nbd.com.cn