Wuthelam to Buy Control of Nippon Paint for 1.29t Yen

Singapore-based Wuthelam Group will raise its stake in Nippon Paint to 55.1%, a filing to the Tokyo Stock Exchange shows.

• Nippon Paint will issue 1.29t yen of shares to Wuthelam
• Nikkei reported earlier that Nippon Paint will remain listed after the transaction

Story Link: Wuthelam to Acquire Nippon Paint for 1.3t Yen: Nikkei

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Seyoon Kim

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