Polyvision Co., Ltd. (KOSDAQ:A032980) agreed to acquire Skin Care Co., Ltd. from Hyun-Oh Kim, Il-Dong Kim, Taek-Sook Lee, Won-Oh Kim for KRW 4.7 billion in cash on July 9, 2015. Polyvision Co., Ltd. will acquire 0.01 million shares. Polyvision Co., Ltd. deposited KRW 500 million on July 9, 2015, will pay KRW 1 billion on July 20, 2015 and will pay remaining KRW 3.2 billion on July 30, 2015.

Polyvision made the second payment of KRW 1 billion. During the year ended December 31, 2014, Skin Care Co., Ltd. had total assets of KRW 2.31 billion, total stockholders' equity of KRW 1.72 billion, sales revenue of KRW 4.78 billion, and net profit of KRW 1.46 billion. Board of Directors of Polyvision Co., Ltd. made a resolution in favor of the transaction on July 10, 2015.

The scheduled acquisition date is July 30, 2015. The scheduled acquisition date is extended to August 17, 2015. Nexia-Samduk acted as external evaluating agency.