Japanese journey company H.I.S. mentioned Tuesday that it’ll promote Huis Ten Bosch, a Dutch-themed amusement park in Nagasaki prefecture, to Hong Kong-based funding fund PAG.
H.I.S. will switch its 66.7% stake within the park to PAG HTB Holdings, a special-purpose firm, in change for 66.6 billion yen ($480 million) on the finish of September. It expects to guide a rare revenue of 64.6 billion yen from the deal for its fiscal yr ending October.
The remaining 33.3% stake, held by Kyushu Electric Power, Saibu Gas Holdings and three different native corporations, will probably be bought to Huis Ten Bosch itself. The destiny of those shares is “undecided” at this level, H.I.S. mentioned.
Overall, the value for Huis Ten Bosch will whole round 100 billion yen.
The sale comes as H.I.S. suffers from a protracted downturn in abroad journey, stemming from Japan’s strict COVID-19 border restrictions and a weak yen. It booked a web lack of 26.9 billion yen within the November-April half, a report for this era. The firm hopes the deal, mixed with a capital discount pending approval at a shareholders assembly in October, will assist spur its restoration.
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