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Wong Fong Industries acquires Hotel and Tourism Management Institute for $150,000

Felicia Tan
Felicia Tan • 2 min read
Wong Fong Industries acquires Hotel and Tourism Management Institute for $150,000
Wong Fong Industries, the provider of land transport engineering solutions and systems, announced Tuesday, that it has acquired HTMi Hotel and Tourism Management Institute (HTMi).
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SINGAPORE (May 26): Wong Fong Industries, the provider of land transport engineering solutions and systems, announced Tuesday, that it has acquired HTMi Hotel and Tourism Management Institute (HTMi).

Wong Fong Industries’ subsidiary Ascendo International Holdings on Monday (May 25) entered into a sale and purchase agreement with Ian Robert James Larmour, the legal owner, as well as managing director and founder of HTMi Switzerland, to acquire 100% of the issued and paid-up share capital of HTMi.

Besides its original engineering business, Wong Fong is building up an education and training arm as well.

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