Theme park operator Huis Ten Bosch Co. in southwestern Japan will accept an investment from Chinese investment firm Fosun Group to attract more Chinese visitors, Huis Ten Bosch President Hideo Sawada said Monday.
H.I.S. Co., which holds two-thirds of the shares in the operator of the park featuring Dutch buildings and flower gardens in Sasebo city, Nagasaki Prefecture, will remain the top shareholder, Sawada said.
Fosun is in talks to buy shares from H.I.S. and other shareholders including Kyushu Electric Power Co., Kyushu Railway Co. and Saibu Gas Co.
Since 2010, H.I.S. has led the turnaround of the operation of the park, Huis Ten Bosch, after the operator filed for court-led rehabilitation in 2003. In its business year ended in September, the operator expects park visitors to have increased 5 percent from a year earlier.
In 2015, Fosun Group purchased a ski resort operator in Hokkaido.
(Huis Ten Bosch President Hideo Sawada speaks to reporters in Sasebo)
All — Kyodo News+