AJ Rent A Car Co., Ltd. (KOSE:A068400) entered into an agreement to acquire 57.4% stake in Linkable Co., Ltd. from Namsoo Lee and Hongkyun Kim for KRW 10 billion on May 16, 2018. Namsoo Lee and Hongkyun Kim will transfer 5,000 shares each through this transaction. For the year ended December 31, 2017, Linkable Co., Ltd. reported total assets of KRW 2.6 billion, total capital of KRW 1.7 billion, sales of KRW 868 million, and net loss of KRW 543 million. The transaction was resolved by Board of AJ Rent A Car Co., Ltd. on May 16, 2018. The transaction is expected to close on June 10, 2018. As on June 8, 2018, the expected closing has been postponed to June 29, 2018.