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Wuthelam takes firm grip with Nippon Paint board takeover

Outside expertise holds key to bolstering Asian operations

OSAKA -- Nippon Paint Holdings' expanded board of 10 members was approved at the annual shareholders meeting Wednesday, with the head of its Singaporean top shareholder becoming chairman of the Japanese company.

The board includes six directors recommended by Wuthelam Group. Takashi Tsutsui, former president of Jasdaq Securities Exchange, and Yaskawa Information Systems President Toshio Morohoshi were among five endorsed independent directors, with Wuthelam's Goh Hup Jin appointed as chairman.

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