ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Singapore's Wuthelam gains majority of Nippon Paint board

Japanese coatings maker accepts top shareholder's proposal

Wuthelam executive and Nippon Paint director Goh Hup Jin is expected to become chairman of the Japanese company.   © Reuters

OSAKA -- Nippon Paint Holdings held its annual shareholders meeting in Osaka on Wednesday, selecting ten directors, including the six recommended by the top shareholder, Singaporean company Wuthelam Group.

After a meeting of the board of directors, also to be held on Wednesday, Wuthelam executive and Nippon Paint director Goh Hup Jin is expected to become chairman of the Japanese company. Nippon Paint will aim to maximize dividends and profit per share under the new management.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more