Nippon Paint corrects specified subsidiary status, adds Netherlands entity

Nippon Paint Holdings Co., Ltd. (NPHD) issued a correction to its March 4, 2025, announcement regarding changes to specified subsidiaries. The updated notice confirms that LSF11 A5 Netherlands B.V., a wholly-owned subsidiary of LSF11 A5 HoldCo LLC, qualified as a specified subsidiary of NPHD as of March 3, 2025. This correction was made after determining its capital would exceed 10% of NPHD’s capital.

This follows an increase in capital for consolidated subsidiaries LSF11 A5 TopCo LLC, LSF11 A5 MidCo LLC, and LSF11 A5 HoldCo LLC, executed on March 3, 2025. These entities also became specified subsidiaries due to their capital exceeding 10% of NPHD's capital. LSF11 A5 Netherlands B.V. is a holding company overseeing operations in unsaturated polyester resins and vinyl ester resins. As of December 31, 2024, its consolidated total equity was €1,148m, with net sales of €361m.