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Public debut of ThaiBev affiliate pushes market cap to $6.2bn

Listing of TCC Group property unit to fund hotel acquisitions and renovations

The Samyan Mitrtown shopping mall that opened in September is operated by one of the TCC Group's development arms.(Photo by Rie Ishii)

BANGKOK -- Asset World Corp. debuted on the Stock Exchange of Thailand on Oct.10, hitting a valuation of 188 billion baht ($6.2 billion) at one point.

The company is a property development arm of TCC Group, one of Thailand's largest conglomerates with a portfolio that includes Thai Beverage -- maker of the popular Chang beer -- and Singapore property and beverage group Fraser and Neave.

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