Huis Ten Bosch, the operator of the Dutch-inspired theme park in southwestern Japan, will sell a nearly 25% stake to Chinese resort conglomerate Fosun Group, in a bid to attract more visitors from China.
Fosun will purchase a 24.9% interest from the parent company, travel agency H.I.S., as well as five other stakeholders, including Kyushu Electric Power and Kyushu Railway, according to Huis Ten Bosch's announcement Monday. H.I.S. will remain the majority shareholder at 50.1%, while the five other companies will own a combined 25%.
The Chinese conglomerate will also install a director on Huis Ten Bosch's board. The parties plan to ink the deal at around the start of the new year.
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