• Kyodo


Nippon Paint Holdings Co.’s shareholders voted on Wednesday to hand over of a majority of the company’s board to Singapore’s Wuthelam Group.

Six of the 10 board members approved at a general meeting in Osaka were chosen by Wuthelam, Nippon Paint’s largest shareholder and a longtime business partner. They include Wuthelam executive Goh Hup Jin. Tetsushi Tado, president of the Japanese firm, was also retained on the board.

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