A private equity fund managed by PAG Asia Capital entered into a share transfer agreement to acquire 66.67% stake in Huis Ten Bosch Co., Ltd. from H.I.S. Co., Ltd. (TSE:9603) for Ã66.7 billion on August 30, 2022. Huis Ten Bosch shall transfer 20 million shares as per the deal. For the Fiscal year ending September 30, 2021, Huis Ten reported net assets of Ã39 billion, total assets of Ã42.3 billion, sales of Ã11.6 billion and operating loss of Ã2.9 billion.
Planned share transfer date is September 30, 2022.