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Central Group files for Thai IPO of core department store arm

Central Retail eyes expansion domestically and around Southeast Asia

The CentralWorld mall in Bangkok is owned by Central Pattana, the commercial property arm of Central Group. (Photo by Shinya Sawai) 

BANGKOK -- Central Group has filed for an initial public offering by its core retail arm on the Stock Exchange of Thailand, looking to support expansion efforts at home and abroad.

Central Group is one of the Southeast Asian country's largest conglomerates, and the founding Chirathivat family ranks second on Thailand's 50 Richest list by Forbes behind only CP Group's Chearavanont family.

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