8月12日，新加坡立邦油漆大股东、吴德南集团创始人吴清亮（Goh Cheng Liang）逝世，享 年98岁。 吴清亮 吴清亮，1927年出生于新加坡，祖籍广东省潮州市潮安区浮洋镇大吴村。 出身贫苦的他白手 起家，成功创办立时集团及立邦品牌。 据立邦中国官网，1992年，立时集团在中国注册成立第一家公司。立邦中国区总部设立于上 海，在中国投资建设超过70家生产基地，员工近1.1万人。 去年，吴清亮以104亿美元（738亿元）的个人财富，登上2024年福布斯新加坡富豪榜，是唯 一来自涂料行业的新加坡富豪。 改革开放以来，吴清亮遵循母亲遗训"毋忘家国之情，发达之日，对大吴应有援乡之建"。他不 忘初心、情系桑梓，往返家乡广东大吴村数十次，先后捐建了桥梁、道路、医院、电厂、水厂 等基础设施，累计价值超过1亿元人民币。 2024年11月26日，由吴清亮捐资改建的大吴会客厅正式落成并投入使用。在落成仪式上，吴 清亮先生的女儿吴婕人介绍："虽然我父亲是我祖母怀着他到新加坡后才出世的，但在父亲心 里大吴村始终是他的家乡。父亲一直很为自己的华人身份自豪，他总是说，我们吴家人的根在 中国，在潮州，在大吴村；什么都可以忘，但一定不 ...

Core Insights - The founder of Wu De Nan Holdings and the "Nippon" brand, Wu Qingliang, passed away at the age of 98, leaving behind a personal wealth of $13 billion, ranking 182nd on the Forbes global billionaire list in 2025 [1][3]. Company Overview - Wu Qingliang, born in 1927 in Singapore, rose from poverty to become a legendary figure in the business world, known as the "King of Paints in Asia" [3]. - In 1962, Wu's company entered a joint venture with Nippon Paint, Japan's largest paint manufacturer, where Wu's company held a 60% stake [5][6]. - The joint venture, known as the立时集团 (Lishiji Group), allowed Wu to manage all business activities in the Asia-Pacific region, leading to rapid industry expansion and establishing a dominant position in the Asian paint market [6]. Market Expansion - The establishment of diplomatic relations between China and Singapore in 1990 inspired Wu to name his paint brand "立邦" (Luban), symbolizing the connection between the two countries [6]. - The company registered its first entity in China in 1992, becoming one of the earliest multinational enterprises to enter the Chinese market, despite initial challenges [6]. - Today,立时集团 is recognized as the fourth-largest paint manufacturer globally, with over 70 production bases in China and nearly 11,000 employees [7]. Financial Performance - In August 2025, Nippon Paint Holdings reported a 4.3% year-on-year increase in sales to ¥852.43 billion (approximately $5.78 billion or ¥420 billion), with a net profit growth of 34.4% [10]. - Following Wu Qingliang's death, Nippon Paint's stock price dropped over 10%, with a total market capitalization of ¥2.79 trillion (approximately ¥135 billion) [10]. Investment Potential - Goldman Sachs predicts a 20% compound annual growth rate for earnings per share for Nippon Paint from fiscal years 2024 to 2027, despite the stock trading at a price-to-earnings ratio of 13 times for fiscal year 2026, which is lower than the 10-year average of 20 times for global decorative paint companies [12]. - The company's core decorative paint business is largely unaffected by tariffs and benefits from stable petrochemical raw material prices, with its "asset integrator" business model seen as a key competitive advantage [12].

Core Insights - Wu Qingliang, the founder of Wu Denan Holdings and the "Nippon" brand, passed away at the age of 98, leaving behind a personal wealth of $13 billion, ranking 182nd on the Forbes global billionaire list in 2025 [1][2] - Wu Qingliang transformed from a poor worker to a legendary businessman known as the "King of Paints in Asia," emphasizing the importance of investing in China [2] Company Overview - In 1962, Wu Qingliang's company entered a joint venture with Nippon Paint, Japan's largest paint manufacturer, establishing the Lisheng Group, with Wu Denan Holdings holding 60% and Nippon Paint 40% [4] - The Lisheng Group began planning to enter China in 1992, becoming one of the first multinational companies to register in the country [5] - Wu Qingliang's vision for the Chinese market was initially met with challenges, but he remained confident in its potential, leading to the establishment of the Nippon brand in China [7] Market Position - Currently, Lisheng Group ranks as the fourth-largest paint manufacturer and service provider globally, with over 70 production bases in China and nearly 11,000 employees [8] - In 2025, Nippon Paint Holdings reported a 4.3% year-on-year increase in sales to ¥852.43 billion (approximately $5.78 billion or ¥42 billion), with a net profit growth of 34.4% [11] Financial Insights - Analysts predict a 20% compound annual growth rate for Nippon Paint's earnings per share from 2024 to 2027, despite the stock trading at a lower price-to-earnings ratio compared to its peers [14] Philanthropic Efforts - Wu Qingliang donated over ¥100 million to build infrastructure in his hometown, reflecting his commitment to his roots and pride in his Chinese heritage [15][16]

Core Points - Wu Qingliang, the founder of Wu Denan Holdings and the "Nippon" brand, passed away at the age of 98, leaving behind a personal wealth of $13 billion, ranking 182nd on the Forbes global billionaire list in 2025 [1][3] - Wu Qingliang transformed from a poor worker to a prominent figure in the paint industry, known as the "King of Paints in Asia" [3] - The partnership between Wu Qingliang's company and Nippon Paint, Japan's largest paint manufacturer, led to the establishment of a joint venture, Lisheng Group, with Wu's company holding 60% [5][6] - Lisheng Group expanded rapidly in Asia, establishing a strong presence in the Chinese market, which Wu deemed a wise investment decision [6][7] Company Overview - Lisheng Group is currently the fourth-largest paint manufacturer and service provider globally, with over 70 production bases in China and nearly 11,000 employees [7] - Nippon Paint Holdings reported a 4.3% year-on-year increase in sales to ¥852.43 billion (approximately $5.78 billion or ¥42 billion) in the first half of 2025, with a net profit growth of 34.4% [10] - Following Wu Qingliang's death, Nippon Paint's stock price dropped over 10%, with a total market value of ¥2.79 trillion (approximately ¥135 billion) [10] Market Insights - Goldman Sachs predicts a 20% compound annual growth rate for Nippon Paint's earnings per share from 2024 to 2027, despite the stock trading at a lower price-to-earnings ratio compared to its peers [13] - The company's core decorative paint business is largely unaffected by tariffs and benefits from stable petrochemical raw material prices, with its "asset integrator" business model seen as a competitive advantage [13] Philanthropic Contributions - Wu Qingliang donated over ¥100 million to build infrastructure in his hometown, adhering to his mother's teachings about giving back to the community [14] - His commitment to his roots was evident as he frequently visited his hometown, emphasizing the importance of his Chinese heritage [14][15]

2025.08. 12 本文字数：999，阅读时长大约2分钟 作者 | 第一财 经 刘晓颖 与油漆打了大半辈子交道的"亚洲漆王"走了。 8月12日，吴德南控股集团创办人、"立邦"品牌创始人吴清亮去世，享年98岁。 吴氏家族发布声明称，吴清亮在新加坡家人陪伴下安详离 世。 吴清亮1927年出生于新加坡，祖籍广东省潮州市潮安区浮洋镇大吴村。出身贫苦的他白手起家，从一贫如洗的打工仔到富甲一方的"亚洲漆 王"，成为一代商界传奇。 1962年，吴清亮的公司被日本著名老字号油漆制造商"日本漆"（ Nippon Paint）相中，决定合资经营油漆生意。日本漆是日本最大的涂料供 应商，创办于1881年，也是日本的第一家涂料企业。 2020年8月，上市公司日本涂料控股株式会社发布公告称，公司与新加坡吴德南集团达成总价值1 . 29万亿日元的交易协议，完成交易后将成 为该集团的子公司。 2025年5月，吴清亮以净值130亿美元（约934亿元人民币）的个人财富，登上《福布斯》全球富豪榜第182位，新加坡第一。 微信编辑 | 夏木 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱： ...

Core Points - The passing of Wu Qingliang, the founder of Wu De Nan Holdings and the Nippon Paint brand, marks the end of an era in the paint industry, as he was known as the "King of Paints in Asia" [2][3] - Wu Qingliang was instrumental in establishing a joint venture with Nippon Paint in 1962, which led to the rapid expansion of the paint business in Asia [2][3] - The establishment of diplomatic relations between China and Singapore in 1990 inspired Wu Qingliang to name his paint brand "Nippon," reflecting his vision for the Chinese market [2][3] Company Overview - Wu Qingliang was born in 1927 in Singapore and rose from humble beginnings to become a prominent figure in the paint industry [2] - The joint venture with Nippon Paint allowed Wu Qingliang to control 60% of the shares, leading to significant growth in the Asian paint market [2] - By 1992, the company registered its first entity in China, becoming one of the early multinational companies to enter the market [3] Market Impact - Wu Qingliang's foresight regarding the Chinese market proved to be a wise decision, as the brand "Nippon" has become well-known in the Chinese paint industry [3] - Currently, the company has over 70 production bases in China and employs nearly 11,000 people [3] - In 2020, a significant transaction valued at 1.29 trillion yen was completed, making the company a subsidiary of Nippon Paint Holdings [3] Personal Wealth - Wu Qingliang's net worth reached $13 billion (approximately 934 billion RMB), ranking him 182nd on the Forbes Global Billionaires list and making him the richest person in Singapore [3]

8月12日，新加坡立邦油漆大股东、吴德南集团创始人吴清亮（Goh Cheng Liang）逝世，享年98岁。 大吴会客厅。 据了解，2024年6月，吴清亮曾在家人陪同下，最后一次回家乡大吴村探亲走访。 采写：南都N视频记者 李佳滢 吴清亮。 吴清亮，1927年出生于新加坡，祖籍广东省潮州市潮安区浮洋镇大吴村。出身贫苦的他白手起家，成功 创办立时集团及立邦品牌。去年，他以104亿美元（738亿元）的个人财富，登上2024年福布斯新加坡富 豪榜，是唯一来自涂料行业的新加坡富豪。 改革开放以来，吴清亮遵循母亲遗训"毋忘家国之情，发达之日，对大吴应有援乡之建"。他不忘初心、 情系桑梓，往返家乡大吴村数十次，先后捐建了桥梁、道路、医院、电厂、水厂等基础设施，累计价值 超过1亿元人民币。 2024年11月26日，由吴清亮捐资改建的大吴会客厅正式落成并投入使用。在落成仪式上，吴清亮先生的 女儿吴婕人介绍："虽然我父亲是我祖母怀着他到新加坡后才出世的，但在父亲心里大吴村始终是他的 家乡。父亲一直很为自己的华人身份自豪，他总是说，我们吴家人的根在中国，在潮州，在大吴村；什 么都可以忘，但一定不能忘记我们的根在这里。" ...

Core Viewpoint - The Ministry of Commerce of China announced an anti-dumping investigation into imported pea starch from Canada, set to begin on August 12, 2025, due to significant increases in imports and pricing below domestic sales prices, causing operational difficulties for the domestic industry [1][1][1] Group 1: Investigation Details - The investigation was initiated in response to a domestic industry's application, which provided preliminary evidence of a notable increase in the quantity of imported pea starch from Canada in recent years [1] - The application indicated that the import prices of Canadian pea starch have consistently been lower than those of domestic products, leading to losses for the domestic industry [1][1] - The investigation will be conducted in accordance with Chinese laws and WTO rules, ensuring an objective and fair judgment based on the findings [1][1][1] Group 2: Product Information - The product under investigation is unmodified starch made from peas, primarily used in the production of noodles and jelly, and can also serve as a thickening agent, stabilizer, emulsifier, and adhesive [1] - Applications of pea starch span various industries, including food, pharmaceuticals, papermaking, textiles, coatings, and animal feed [1][1] Group 3: Context and Implications - The spokesperson emphasized that this anti-dumping investigation aligns with WTO rules and is a legitimate trade measure to protect domestic industries [1] - The investigation is positioned as fundamentally different from recent discriminatory measures taken by Canada against China, highlighting the complexities of international trade relations [1][1]

Group 1 - The company specializes in epoxy, polyurethane, fluorocarbon, and polysiloxane coatings that are suitable for low-temperature and salt spray environments [1] - The core business of the company is heavy-duty anti-corrosion coatings, which are widely used in bridges, steel structures, and ships [1]

Core Viewpoint - The eighth China International Import Expo (CIIE) is set to open in 100 days, showcasing China's commitment to openness and providing global opportunities amid increasing economic uncertainties [1] Group 1: Event Overview - The CIIE is the world's first national-level exhibition focused on imports, highlighting China's promise of openness and the global anticipation for shared development opportunities [1] - The event will feature over 50 countries and international organizations, with signed exhibition space exceeding 330,000 square meters, indicating strong participation and confidence in the Chinese economy [10] Group 2: Innovation and New Products - This year's expo emphasizes innovation, with a dedicated area for over 500 cutting-edge global projects across digital economy, green low-carbon, life sciences, and manufacturing technology [2] - Notable products include Medtronic's Inceptiv, a closed-loop rechargeable spinal cord stimulation system, which will make its Asia-Pacific debut at the expo [4][5] Group 3: International Participation - 170 companies and 27 institutions have participated in all eight editions of the expo, with many overseas firms signing up early for the next edition, reflecting their belief in the opportunities presented by the Chinese market [6] - The expo serves as a bridge for new technologies, products, and services to enter the Chinese market, with companies like Novo Nordisk successfully launching innovative products after previous participation [7] Group 4: Market Expansion for Foreign Enterprises - The expo has facilitated significant business engagements, with companies like Nippon Paint achieving substantial contracts and investments in China, reinforcing the notion that investing in China is investing in the future [9] - The event has also opened doors for small and medium-sized enterprises from developing countries, with dedicated sections for products from least developed countries, enhancing their access to the Chinese market [12]