BEIJING (Reuters) - Chinese chemical products maker Shanghai Jahwa United Co (>> Shanghai Jahwa United Co., Ltd.) said on Wednesday its controlling shareholder is in talks to buy a stake in Mayborn Group, which controls baby product maker Tommee Tippee.

In a statement to the Shanghai stock exchange, Jahwa denied that it was in talks to buy Tommee Tippee for close to 300 million pounds ($428 million), which was reported on Tuesday by Sky News.

Instead, Jahwa said its controlling shareholder, Shanghai Jahwa Group, was in talks to buy a holding in Mayborn Group, but that "there was still a lot of uncertainty".

Mayborn Group is controlled by British private equity firm 3i (>> 3i Group plc).

Jahwa did not elaborate.

(Reporting by Ben Blanchard; Editing by Alexander Smith)

Stocks treated in this article : 3i Group plc, Shanghai Jahwa United Co., Ltd.