February 24, 2012

RHJ To Exit Investment In Resort Facilities

Sega Samy Holdings Inc., a pachinko-based entertainment company, annnounced that Sega Samy acquired all shares in Phoenix Resort KK from RHJ International, a private equity firm, for 400 million yen. Phoenix Resort has hotels, spas, golf courses restaurants and international conference halls in Miyazaki prefecture, located in the southern part of Japan. PHJ invested in May 2001. Sega Samy, in addition to payment for the shares, plans to lend 5.4 billion yen for the repayment of its loan.

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