1EVOLUTION MARKETING RESEARCH INC acquired 99.99% stake in KOLEN PHILIPPINES INC from Kolen Co., Ltd (KOSDAQ:A078650) for KRW 14.4 billion on February 26, 2021. Post transaction, Kolen will hold no stake in KOLEN PHILIPPINES INC. Board resolution date is February 26, 2021. Scheduled date of sale is May 14, 2021. 1EVOLUTION Marketing Research Inc. cancelled the acquisition of 99.99% stake in KOLEN PHILIPPINES INC from Kolen Co., Ltd (KOSDAQ:A078650) on April 13, 2021. The reason being failure of payment by 1EVOLUTION Marketing Research Inc.