From 'white knight' to Reit grower
Heng Fai Enterprises is seeing results from its first two Reits
Singapore
THE days of swooping in to rescue and turn around troubled companies through drastic corporate restructuring are over for Hong Kong-listed Heng Fai Enterprises.
The company, which most recently washed its hands of Singapore-listed SingHaiyi by selling it to low-profile Chinese tycoon Gordon Tang, told The Business Times that its transformation from a compulsive "white knight" to a dedicated real estate investment trust (Reit) manager has already borne its first fruit.
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