Overview - Zhejiang Bofei Electric Co., Ltd. has announced the acquisition of a 10% stake in Zhuzhou Times Insulation Co., Ltd. through a public bidding process, which will make Times Insulation a wholly-owned subsidiary of the company [1] Progress Update - The company has invested CNY 17.2 million to acquire the 10% stake from Zhuzhou Times New Materials Technology Co., Ltd. [1] - Times Insulation has completed its business registration and obtained a business license from the Market Supervision Administration of Zhuzhou City [2] - The registered capital of Times Insulation is CNY 113.7 million, and it was established on December 29, 2001 [2] Organizational Structure Adjustment - To enhance decision-making efficiency, the company has decided to abolish the board of directors of Times Insulation and appoint a single executive director [2]
博菲电气: 关于公司以公开摘牌方式收购时代绝缘10%股权暨关联交易的进展公告