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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.

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