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Tesco to Open More Stores in Thailand

BANGKOK - The U.K.'s leading supermarket operator Tesco PLC plans to raise its total number of hypermarkets in Thailand from 33 to 50 by 2004, a top executive said today, Dow Jones reports.

Tesco Chief Executive Terry Leahy said the company was continuing to study its entry into China and Japan but wouldn't hurry a decision.

The retailer is opening its first store in Malaysia next week and plans to have up to four stores there by the year-end, Leahy said.
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