S'pore eDevelopment's CEO puts his money where his mouth is

Singapore

SINGAPORE eDevelopment chief executive officer Chan Heng Fai has a grand vision that includes US real estate, private equity and even mobile technology in the future of the former construction company. Like many grand visions, Mr Chan requires capital. The problem for him is that minority shareholders baulked when he tried in December to persuade them to help provide that capital.

So the veteran restructurer of companies, who became a shareholder of Singapore eDevelopment only three years ago, has decided to put up his own money and prove his doubters wrong. "I've been beaten up many, many times, but I'm a die-hard person," he said. "I'll never say die. When I put my mind to it, I get it to work."