SICHUAN Changhong Electric Co has contacted Wuxi Guolian Development (Group) Co Ltd, the controlling shareholder of Wuxi Little Swan Co, and the Wuxi government about a stake transfer of Little Swan but hasn't reached any pact, the country's second-largest television set maker said in a statement to the Shanghai Stock Exchange yesterday.

Wuxi Guolian, a state-owned enterprise which holds a 24-percent stake in Little Swan, said on Monday that it plans to transfer its entire stake in the washing-machine maker - totaling 87.67 million A-shares - to potential buyers.