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From 'white knight' to Reit grower

Heng Fai Enterprises is seeing results from its first two Reits

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Published Fri, Jun 6, 2014 · 10:00 PM

    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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