The story
Hong Thai Travel Services was founded in Hong Kong by Jackie Wong See Sum (黃士心) in 1966. Its primary business was booking of airline tickets, ferry tickets and offering services for inbound tourism. Its director was Jackie Wong See Sum and its general manager was his son Jason Wong Chun Tat (黃進達). The father-and-son pair ceased to be primary shareholders in 2011, when they sold Hong Thai's majority of shares to HNA Group, who sold Hong Thai to the Chinese tourism service group Caissa Tosun (凯撒旅业) in a 2019 restructuring. Under the backdrop of the COVID-19 pandemic, Caissa Tosun liquidated Hong Thai in October 2022, citing its negative net asset value of over 68 million Chinese yuan reported by the end of June.
From Wikipedia’s article on Hong Thai Travel Services, shared under CC BY-SA 4.0.3