Hong Kong's PAG to buy Japanese theme park for $723 mln

HIS Co

30/08/2022 10:40

Aug 30 (Reuters) - Asia-focused investment firm PAG said on
Tuesday it entered an agreement with travel booking service
H.I.S. Co Ltd  9603.T  to buy Japanese theme park Huis Ten Bosch
Co Ltd for an equity valuation of about 100 billion yen ($722.96
million).
    Hong Kong's PAG plans to expand Huis Ten Bosch's theme park
and has appointed Katana Inc to assist with branding and
operations, it said in a statement. 
    H.I.S. will sell 20 million shares it owns in Huis Ten Bosch
for a transfer price of 66.66 billion yen, the company said on
Monday.  urn:newsml:reuters.com:*:nL4N30618R
    H.I.S. will record an extraordinary profit of 64.66 billion
yen in its non-consolidated financial results for the fourth
quarter ending October 2022.    

($1 = 138.3200 yen)

 (Reporting by Abinaya Vijayaraghavan and Urvi Dugar in
Bengaluru; Editing by Subhranshu Sahu)
 ((Abinaya.V@thomsonreuters.com;))