Skin n Skin Co., Ltd. (KOSDAQ:A159910) agreed to acquire 51% stake in Peoplecarsharing Co.,Ltd from Seokhyun Kan, Jonghyung An and Chul An for KRW 9 billion on December 5, 2017. Under the terms of the deal, convertible bond will be issued as consideration and the payment date is December 5, 2017. Seokhyun Kang will sell 13,308 shares, Jonghyung An will sell 27,500 shares and Chul An will sell 3500 shares. Of the total deal value, Seokhyun Kang will receive KRW 2.7 billion, Jonghyung An will receive KRW 5.6 billion and Chul An will receive KRW 0.7 billion. As of February 8, 2018, Skin n Skin Co., Ltd. agreed to acquire 6.22% stake in Peoplecarsharing Co.,Ltd from Seokhyun Kan for KRW 1.1 billion. Skin n Skin Co., Ltd. will acquire 5400 shares of Peoplecarsharing Co.,Ltd. Skin n Skin Co., Ltd. will issue convertible bonds as consideration. For the year ending December 31, 2016, Peoplecarsharing reported total assets of KRW 2.1 billion, sales amount of KRW 1.1 billion and net profit of KRW 64 million. The Board of Directors of Skin n Skin passed a resolution for the deal on December 5, 2017. The scheduled date of deal is December 5, 2017. Daehyun Accounting Corporation was the external rating institution. Skin n Skin Co., Ltd. (KOSDAQ:A159910) cancelled the acquisition of 6.22% stake in Peoplecarsharing Co.,Ltd from Seokhyun Kan on December 5, 2018.