Zhejiang Jinghua Laser Technology Co., Ltd. (SHSE:603607) entered into an agreement to acquire 58% stake in Frestamp, INC. from Vladimir Vacariuc and Vitali Prisacar for $2 million on December 21, 2018. The purchase consideration will be paid in cash. For the year ended December 31, 2017, Frestamp had total assets of $0.37 million, revenue of 0.29 million, net assets of $556 and net income of $2,158.