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Singapore wudenan group Nippon Paint proposed an equity acquisition proposal

Singapore wudenan group Nippon Paint proposed an equity acquisition proposal

January 23, 2013

[China paint information] Kyodo News reported that Singapore wudenan group announced on January 21 that it proposed an equity acquisition proposal to Nippon Paint, hoping to take advantage of Japan's technological advantages to compete with European and American giants in the highly competitive international market

Japan paint said it was confirming and studying the contents of the proposal and would announce the relevant decisions as soon as possible. The company may also regard this as a "hostile acquisition" and take defensive measures. As the domestic market in Japan is shrinking, Japanese coatings will face a dilemma

the manufacturing enterprises of Wu Denan group are still half confident about this, and with the increase of load, Xin Banyi hopes to obtain about 30.33% of the voting rights. The total sales revenue of Nippon Paint and Nippon Paint business under Wu Denan group can rank fifth in the world

Japanese coatings company was founded in 1881, mainly producing automotive and architectural coatings. The company's total location is Osaka, with a sales revenue of 222.2 billion yen in fiscal 2011, ranking second in Japan

according to coating technology and abstracts, in 1881, the two brothers, Matsumoto Chuntai and Matsumoto chongjiro, founded the predecessor of the Japanese coating company "Guangming society" from the manufacture of zinc white. In 1898, the company was renamed "Japan paint Co., Ltd." after more than 100 years of development, the company gradually became a world-class paint company and one of the largest paint companies in Japan. Now, Japan paint company produces coatings including construction and DIY market paint, automobile protective paint and heavy-duty anti-corrosion paint

in 1963, Singapore's wuhelam group became the main wholesaler of Japanese paint companies in Southeast Asia. In 1968, the first Nippon Paint manufacturer with higher requirements for energy conservation and environmental protection was put into operation in Singapore. In 1973, nipsea group Nippon Paint Southeast Asia was established to manage all business activities of Nippon paint in Southeast Asia. Japanese paint companies accounted for 40% of the investment, Wu Denan group accounts for 60% of the investment. At present, the business of instant group covers 13 countries and regions in North America, Europe and Asia, such as Singapore, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, the Philippines, Taiwan, China, Thailand and Vietnam, and has more than 33 factories

in 1992, Lishi group entered the Chinese market, and its product brand "Nippon Paint" is a transliteration of "Nippon Paint". At present, Nippon China group, which is in the Chinese market, is fully invested in the Chinese region by Singapore lizhishi group

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