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From 'white knight' to Reit grower

Heng Fai Enterprises is seeing results from its first two Reits
Saturday, June 7, 2014 - 06:00
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ON THE SAME PAGE The company is still a family business, with the senior Mr Chan setting the company's macro direction, his son Tony (left) executing these ideas, and a younger son serving as COO and CIO. - PHOTO: YEN MENG JIN

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

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