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Australand bet cements risk for Thai tycoon

Friday, June 6, 2014 - 06:00

[HONG KONG] A Thai tycoon's US$2.4 billion bet on Australian property has revived concerns that he is overextending himself. Charoen Sirivadhanabhakdi took control of conglomerate Fraser & Neave last year in a US$11 billion deal. Now he is seeking to increase his exposure down under with an