Chugoku Marine Paints to Acquire Chinese Unit of Nippon Paint
Source disclosure: February 26, 2026, 15:30 JST Chugoku Marine Paints,Ltd. [4617.T] TOKYO, Feb 26 (Pulse News Wire) â Chugoku Marine Paints,ltd. (4617.T) decided at its board meeting held on 2026 to acquire shares in Diannant Coatings (Zhejiang) Co., Ltd., a subsidiary of Nippon Paint Holdings Co., Ltd. (1489.T). The acquisition aims to enhance production capacity in China without significant investment. Post-acquisition, Diannant Zhejiang will become a wholly-owned subsidiary of
Source disclosure: February 26, 2026, 15:30 JST
Chugoku Marine Paints,Ltd. [4617.T]
TOKYO, Feb 26 (Pulse News Wire) â Chugoku Marine Paints,ltd. (4617.T) decided at its board meeting held on 2026 to acquire shares in Diannant Coatings (Zhejiang) Co., Ltd., a subsidiary of Nippon Paint Holdings Co., Ltd.
(1489.T). The acquisition aims to enhance production capacity in China without significant investment. Post-acquisition, Diannant Zhejiang will become a wholly-owned subsidiary of Chugoku Marine Paints. Diannant Zhejiang, located in Pinghu City, Zhejiang Province, operates a modern paint manufacturing facility covering approximately 22,000 square meters.
It was established on February 09, 2018, with a capital of $15 million. Over the past three years, the company has reported losses across all profit metrics but is expected to turn profitable in fiscal 2027 after the acquisition. Key milestones for the transaction include signing the agreement on 2026, transferring rights and obligations on June 30, 2026, and completing the share transfer in late July 2026, subject to regulatory approvals. The impact on Chugoku Marine Paints' consolidated performance for the March 2026 fiscal year is anticipated to be minor.
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