Bestway Marine & Energy Technology (SHE:300008) subsidiary Dajin Heavy Industry has launched two units each with registered capitals of 3 million yuan.

Dajin Zhenjiang focuses on shipbuilding and marine engineering, while Dajin International handles import and export operations, according to a Saturday filing with the Shenzhen bourse.

The move aims to lower costs and streamline exports amid growing overseas orders.

Shares of the ship and ocean engineering services provider closed 1% higher Monday.