Singapore billionaire gets windfall as dream deal with Nippon Paint comes true

Singapore paint tycoon Goh Cheng Liang's partnership with Nippon Paint began in the 1950s. - LIANHE ZAOBAO, NIPPON PAINT

SINGAPORE (Bloomberg): Almost a decade ago, the son of Singapore paint tycoon Goh Cheng Liang set his sights on gaining control of Japan's biggest paint-maker. He finally succeeded, and that has been a boon for the family's wealth.

Their Wuthelam Holdings took a majority stake in Nippon Paint Holdings in a US$12 billion deal that was completed last month, according to filings this week.