Bestway Marine & Energy Technology (300008.SZ) plans to acquire 65% of Green Energy Zhenjiang to expand its construction capacity.

Tianhai Defense (300008.SZ) announced that its wholly-owned subsidiary, Jiangsu Dajin Heavy Industry Co., Ltd. (hereinafter referred to as "Dajin Heavy Industry"), intends to acquire 65% of the equity of Jiangsu Green Energy Heavy Industry Equipment Co., Ltd. (hereinafter referred to as "Green Energy Heavy Industry") in Jiangsu Green Energy (Zhenjiang) Co., Ltd. (hereinafter referred to as "Green Energy Zhenjiang") for a total consideration of RMB 34.775 million using its own funds. This acquisition of 65% of Green Energy Zhenjiang's equity will rapidly integrate shipbuilding infrastructure in the Zhenjiang area, expand construction capacity, and continuously enhance the comprehensive competitiveness of the company's shipbuilding and marine engineering construction sectors.