HIS and other shareholders announced their intention to sell Huis Ten Bosch, a theme park in Nagasaki Prefecture, to a Hong Kong investment company. HIS, a major travel agency, holds 66% of the shares in the management company of Huis Ten Bosch, while the remaining shares are held by five companies in Kyushu, including Kyushu Electric Power Co. and Saibu Gas Co. The companies have decided to sell their shares to PAG, an investment company based in Hong Kong, for 100 billion yen. The companies have agreed to sell their remaining shares to PAG, a Hong Kong-based investment company, for 100 billion yen, officially announced today. Huis Ten Bosch will continue to operate after the sale. The number of visitors temporarily dropped sharply due to the Corona disaster but has recently been on a recovery trend. On the other hand, HIS, the largest shareholder, has been suffering from a decline in its mainstay overseas travel business due to the impact of the new Corona and is believed to be aiming to improve its financial situation through the sale of Huis Ten Bosch. Five local companies in Kyushu, Kyushu Electric Power, Saibu Gas, Kyudenko, JR Kyushu, and Nishitetsu, together with HIS, have held shares in Huis Ten Bosch, and announced today that they would sell all their shares. Source: NHK
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