Meanwhile, Nippon paint will acquire Wuthelam's joint ventures in China, India, Malaysia, Singapore, South Korea and Thailand, and buy out Wuthelam's Indonesia business for about US$2b.
WUTHELAM Holdings' founder Goh Cheng Liang was once approached to be a distributor for Osaka-based Nippon Paint Holdings in 1959. Fast forward to the present, the Goh family will be splashing out 1.29 trillion yen to gain majority control of the Japanese paint...
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Nippon Paint in $12 billion deal to buy Wuthelam assets; Wuthelam stake hits 60%Nippon Paint Holdings Co Ltd on Friday said it inked a deal worth 1.285 trillion yen ($12.18 billion) with Singapore's Wuthelam Group, whose stake in the Japanese company will rise to just under 60% from 39%. Following the announcement of one of the biggest transactions in Asia this year, shares
Source: YahooSG - 🏆 3. / 71 Read more »
Singapore's Wuthelam Group to buy out Nippon Paint for 1.29 trillion yen[TOKYO] Singapore's Wuthelam Group will take majority control of Japan's biggest paint company Nippon Paint Holdings, spending about 1.29 trillion yen (S$16.62 billion) to raise its stake to just under 60 per cent from 39 per cent now, the latter company said in a statement on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore's Wuthelam Group to buy out Nippon Paint for $16.6 billionTOKYO (REUTERS) - Singapore's Wuthelam Group will take majority control of Nippon Paint Holdings, spending 1.28 trillion yen (S$16.56 billion) to raise its stake to just under 60 per cent from 39 per cent now, the Japanese company said in a statement on Friday (Aug 22).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore's Wuthelam Group to buy out Nippon Paint for 1.29 trillion yen[TOKYO] Singapore's Wuthelam Group will take majority control of Japan's biggest paint company Nippon Paint Holdings, spending about 1.29 trillion yen (S$16.62 billion) to raise its stake to just under 60 per cent from 39 per cent now, the latter company said in a statement on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »