Central Pattana delays M'sian mall opening
Its first shopping centre in the country will open in 2017
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[BANGKOK] Thailand's largest department store developer, Central Pattana Pcl, said yesterday it would delay the opening of its first mall in Malaysia to 2017 from 2016 as it needs more time to study the market.
The Malaysian mall will be the first overseas shopping centre to be opened by the company over the next five years as part of a drive to tap into strong growth in South-east Asia.
The company is also keen to open new shopping centres in Indonesia and Vietnam, but cancelled a plan to open a mall in China after a study showed returns may be below target, Naparat Sriwanvit, executive vice-president for finance, told reporters.
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