According to Zhitong Finance App, Tianhai Defense (300008.SZ) announced that Jiangsu Dajin Heavy Industries Co., Ltd. (hereinafter referred to as “Datsu Heavy Industries”), a wholly-owned subsidiary of the company, plans to acquire 65% of its shares in Green Energy Heavy Industries (Zhenjiang) Co., Ltd. (hereinafter referred to as “Green Energy Zhenjiang”) from Jiangsu Green Energy Heavy Industry Equipment Co., Ltd. (hereinafter referred to as “Green Energy Zhenjiang”) with its own capital of RMB 347.75 million. The acquisition of 65% of Lvneng Zhenjiang's shares can quickly integrate shipbuilding infrastructure in the Zhenjiang region, expand construction capacity, and continuously enhance the overall competitiveness of the company's shipbuilding and marine engineering construction sector.

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