TOKYO: Singapore's Wuthelam Group will take majority control of Nippon Paint Holdings, spending 1.19 trillion yen (S$15.6 billion) to raise its ...
TOKYO: Singapore's Wuthelam Group will take majority control of Nippon Paint Holdings, spending
Wuthelam will become a majority shareholder through the deal, which is one of Asia's largest cross-border transactions in 2020.Nippon Paint said they first began collaborating with Wuthelam Group in 1962 when it was appointed as its sales agent for the Asia region.
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