Yip's Chemical To Buy Coatings Assets From Australia's DuluxGroup

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Nikkei MarketsYip's Chemical To Buy Coatings Assets From Australia's DuluxGroupJanuary 3, 2018 11:37 JST

By Amy LamNikkei Markets HONG KONG (Jan 03) -- Yip's Chemical Holdings said it agreed to acquire multiple brands in the coatings industry from Australia's DuluxGroup for more than 107 million yuan ($16.5 million).

The architectural coatings manufacturer plans to buy DGL Camel International's (DCI) assets and businesses in Hong Kong, Macau, and mainland China through two subsidiaries, it said in a filing to the Hong Kong stock exchange.

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