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Thai developer Hemaraj to sell its first property fund

It plans to raise 4.5b baht to finance new projects

[BANGKOK] Hemaraj Land & Development Pcl, Thailand's biggest industrial land developer, plans to raise about 4.5 billion baht (S$176.8 million) by selling its first property fund to help finance new projects.

The fund will be backed by rental revenue from factories and warehouses, and...

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