Bestway, Jiangsu Dajin, Poly Tech Sign Agreement to Develop Military Products for International Market
Dou Shicong
/SOURCE : Yicai
Bestway, Jiangsu Dajin, Poly Tech Sign Agreement to Develop Military Products for International Market

(Yicai Global) Sept. 29 -- Shanghai-based Bestway Marine & Energy Technology Co., [SHE:300008] has reached a tripartite cooperation agreement with equipment manufacturer Jiangsu Dajin Heavy Industries Co. [SHE:00248], and trading company Poly Technologies Co., to jointly establish a military product R&D center and develop products for the international marine engineering, shipbuilding, energy equipment and steel structure markets, the company said in a press briefing on Sept. 28.

Bestway will provide access to its R&D and technological capabilities through the agreement, while Dajin Heavy Industries will leverage expertise in equipment manufacturing, and Poly Technologies will harness its experience in international cooperation resources and comprehensive trade advantages.

Bestway chairman Liu Nan serve as actual controller of the company as well as Dajin Heavy Industries, highlighting the pre-existing strong links between the firms.

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Keywords: Bestway Marine & Energy Technology , Poly Technologies , Military Trade