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July 2018, TMG announced that it had entered into an agreement with Flight Centre Travel Group Limited (FLT) for the sale of their shares in Buffalo Tours, Cho Lon Tours, Go Vacation Vietnam, Asia Outdoors and Thien Minh Transport.
The divestment of Buffalo Tours and other brands within the destination management portfolio is part of the Group’s portfolio transformation strategy. This milestone divestment, along with an incredible pipeline of investment projects, would pay a key role in supporting TMG in creating a highly attractive, competitive and well-balanced business, with the leverage of scale, technical expertise and customer-centric culture, which offer considerable upside potential over the long term.
The first Spice Viet restaurants
A joint venture between TMG and Wendy Wu Tours was created in September 2018 to build and operate a new river cruise in the Mekong region, boasting four-star comfort and superior service, the customers are free to relax, enjoy the onboard entertainment or soak up the wonders of the passing landscapes of Vietnam’s Mekong Delta up to Cambodia’s enhancing capital, Phnom Penh. The first cruise is scheduled for a start date in November 2019.
On 12th June 2019, Thiên Minh Group and H.I.S are delighted to announce the launch of the first cruise ship under a joint venture arrangement between the two corporations in Halong-Bay naming Sayuri Cruise. With construction started in August 2018, the cruise aims to be the best day cruise in the Bay focusing on safety, hospitality and wonderful designs. Sayuri Cruise takes guests on a daily journey to explore Halong Bay’s iconic sites such as Paradise Cave and Cock Fighting Island in comfort and style on a 4-hour tour. Personalized requests for Sunrise, Sunset and Corporate Event cruises are also available.
On 12th June 2019, Thien Minh Group completed the acquisition of Flower Garden Hotel in Hanoi, making it the group’s very first hotel in the Capital city (and 14th hotel overall). The hotel will be rebranded as ÊMM Hotel Hanoi in the near future, joining other ÊMM Hotels properties in Hue, Hoi An, and Ho Chi Minh City.