S$16.7 billion deal between Nippon Paint and Goh Cheng Liang Wuthelam Holdings is biggest for Asia 2020
Singapore billionaire Goh Cheng Liang just made a deal with Japan's Nippon Paint, reportedly one of the biggest transactions in Asia for 2020, looking set to become the dominant paints and coatings company in Asia
The post S$16.7 billion deal between Nippon Paint and Goh Cheng Liang Wuthelam Holdings is biggest for Asia 2020 appeared first on LUXUO.
Billionaire tycoon Goh Cheng Liang, one of Singapore’s biggest yacht owners, has just struck a S$16.7 billion deal with Nippon Paint Holdings, the world?s fourth largest paint manufacturer. The deal between Nippon and Goh’s Wuthelam Holdings looks set to increase Goh’s stake in Nippon Paint holdings rise from 39% currently to 58.7%.
Born in 1928 to a poor family, he grew up with three sisters and a brother in a one-room flat. Uneducated, he sold fishing nets in Muar, Johor, before working as an apprentice at Tan Chong Huat hardware store during the Japanese occupation. After World War II, the young Goh saw an opportunity as the British were auctioning off surplus stocks, and he decided to buy all the barrels of expired paint at dirt cheap prices.
S$16.7 billion deal between Nippon Paint and Goh Cheng Liang Wuthelam Holdings is biggest for Asia 2020
Goh started mixing solvents and chemicals to make his own brand of paints and thanks to import restrictions resulting from the Korean War, he struck liquid gold selling his first barrel of paint, setting him up to become the future paint tycoon. Setting up his firs...
The post S$16.7 billion deal between Nippon Paint and Goh Cheng Liang Wuthelam Holdings is biggest for Asia 2020 appeared first on LUXUO.
Billionaire tycoon Goh Cheng Liang, one of Singapore’s biggest yacht owners, has just struck a S$16.7 billion deal with Nippon Paint Holdings, the world?s fourth largest paint manufacturer. The deal between Nippon and Goh’s Wuthelam Holdings looks set to increase Goh’s stake in Nippon Paint holdings rise from 39% currently to 58.7%.
Born in 1928 to a poor family, he grew up with three sisters and a brother in a one-room flat. Uneducated, he sold fishing nets in Muar, Johor, before working as an apprentice at Tan Chong Huat hardware store during the Japanese occupation. After World War II, the young Goh saw an opportunity as the British were auctioning off surplus stocks, and he decided to buy all the barrels of expired paint at dirt cheap prices.
S$16.7 billion deal between Nippon Paint and Goh Cheng Liang Wuthelam Holdings is biggest for Asia 2020
Goh started mixing solvents and chemicals to make his own brand of paints and thanks to import restrictions resulting from the Korean War, he struck liquid gold selling his first barrel of paint, setting him up to become the future paint tycoon. Setting up his firs...
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