Ailing firms find new lease of life in real estate

Singapore

WHEN the going gets tough, many companies turn to property as a possible panacea - with several of them unveiling plans in recent months to diversify into the sector.

These include A-Smart Holdings, MS Holdings and Katrina Group, which have separately announced intentions to acquire land or own real estate - veering away from their core businesses of printing, crane rental, and food and beverage respectively.