PAG, a Hong Kong-based private asset management firm, is expected to take full control of the complex prior to September 30.<\/p>\n\n\n\n\n\n\n\n
Japan.-\u00a0Huis Ten Bosch<\/strong>, the theme park in Sasebo where\u00a0the Nagasaki<\/strong>\u00a0government hopes to develop an\u00a0integrated resort<\/strong>, is to be transferred to PAG, a Hong Kong investment fund. Japan’s HIS Co Ltd, the current controller, will sell its 66.67 per cent stake in Huis Ten Bosch for JPY66.66bn (US$482m).<\/p>\n\n\n\n PAG will gain 100 per cent control by September 30. Prior to that, HIS will acquire shares from minority shareholders and convert those shares into treasury shares. PAG values \u200b\u200bthe operator’s total equity at JPY100bn.<\/p>\n\n\n\n The current minority shareholders of Hui Shi 10 Bosch are Kyushu Electric Power Co., Ltd., holding 13.3 per cent; Saibu Gas Co Ltd (10 per cent); Kyudenko Corp (5 per cent); Kyushu Railway Company (3.3 per cent); Nishi-Nippon Railroad Co Ltd (1.7 per cent).<\/p>\n\n\n\n The theme park saw a loss of Y218m<\/a> <\/strong>in the last fiscal year due to the impact of the Covid-19 pandemic<\/strong>, which led to a 23.3 per cent fall in visitor numbers year-on-year to 799,000. There were no overseas visitors during the fiscal year<\/p>\n\n\n\n Adjacent to the park is the land where\u00a0the Nagasaki<\/strong>\u00a0government hopes to develop an\u00a0integrated resort<\/strong>. However, the announcement made no mention of the casino resort proposal.<\/p>\n\n\n\n Nagasaki is one of the two cities that have submitted bids<\/a> to develop IRs in Japan. Authorities chose Casinos Austria International Japan Inc<\/strong> as its partner for its IR bid<\/a> and the planned cost for the development of the IR is JPY438.3bn (US$3.8bn)<\/a>, including JPY175.3bn in equity costs.<\/p>\n","protected":false},"excerpt":{"rendered":" PAG, a Hong Kong-based private asset management firm, is expected to take full control of the complex prior to September 30.<\/p>\n","protected":false},"author":176,"featured_media":22068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAG, a Hong Kong-based private asset management firm, is set to acquire full control of Japan's Huis Ten Bosch theme park from HIS Co Ltd for JPY66.66bn, valuing the total equity at JPY100bn. This M&A transaction is notable as the theme park is strategically located adjacent to the proposed Nagasaki Integrated Resort site, although the acquisition announcement did not explicitly address the IR project.","focusai_entities":"PAG, Huis Ten Bosch, HIS Co Ltd, Kyushu Electric Power Co., Ltd., Saibu Gas Co Ltd, Kyudenko Corp, Kyushu Railway Company, Nishi-Nippon Railroad Co Ltd, Casinos Austria International Japan Inc, Casinos Austria International","focusai_location":"Hong Kong, Japan, Sasebo, Nagasaki","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PAG's IR Strategy?","query":"What is PAG's strategic intent for Huis Ten Bosch in relation to the Nagasaki Integrated Resort project, given the acquisition announcement's omission of the casino development?"},{"label":"Nagasaki IR Impact?","query":"How might the change in ownership of Huis Ten Bosch influence the financing structure, development timeline, or stakeholder alignment for the Nagasaki Integrated Resort project led by Casinos Austria International Japan Inc.?"}],"footnotes":""},"categories":[157,16338],"tags":[23632],"class_list":["post-33088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33088"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33088\/revisions"}],"predecessor-version":[{"id":33125,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33088\/revisions\/33125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}