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Companies

Thailand's TCC targets $1.6bn in IPO of property arm

Asset World eyes land for tourist hotels and Bangkok complexes

The Asiatique riverfront shopping center is Asset World's flagship property in Bangkok.   © Asset World Corp.

BANGKOK -- Thailand's TCC Group expects to raise as much as 48 billion baht ($1.57 billion) by listing a real estate subsidiary, in what could be the biggest initial public offering by a company here outside of an investment fund.

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