Fannie Mae, May 29 / PRNewswire-FirstCall-Asianet /-- Bofi Electric announced that the company intends to acquire a 20% stake in Zhuzhou time Insulation Co., Ltd. (referred to as "time Insulation") held by affiliated Fang Zhaoyuan Mechatronics, with a total transaction value of 28.6 million yuan. After the completion of the acquisition, the company will hold a 90% stake in time Insulation and continue to be included in the consolidated statements of the company. The company has long been optimistic about the future development of insulation of the times.