The owner of a major Chinese drone parts supplier has taken a stake in one of Russia’s leading drone companies, highlighting a deepening relationship between Moscow and Beijing’s military-industrial complexes.
A company filing, made in September and seen by the Financial Times, listed Wang Dinghua as the new owner of 5 per cent of the shares in Rustakt, a manufacturer of the VT-40 first-person-view drone widely used by Russia in attacks on Ukrainian forces.
Shenzhen Minghuaxin and other companies owned by Wang, a businessman based in the southern Chinese city, have been big suppliers of drone parts to Rustakt and its allied companies.
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