Australia's DuluxGroup unit to sell coating business in China, HK to Yip's Chemical

Australia's DuluxGroup unit to sell coating business in China, HK to Yip's Chemical

Paint used to color zipper sliders sits on a table during production at the UCAN Zipper manufacturing facility in Los Angeles, California, U.S. Photographer: Meg Roussos/Bloomberg

Australia’s DuluxGroup Ltd said on Wednesday its majority-owned joint venture company DGL Camel International has agreed to sell most of its coatings business in Hong Kong and China to Yip’s Chemical Holdings Ltd.

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