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Heng Fai eyes Reits, secondary listings

HK firm outlines growth strategy after sale of its stake in SingHaiyi

HONG KONG-listed Heng Fai Enterprises (HFE), backed by the former controlling shareholder of Catalist-quoted SingHaiyi, Chan Heng Fai, could do a secondary listing in Singapore as it shifts focus to real estate investment trusts (Reits). Mr Chan, who is managing chairman at HFE, and his son Tony

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