Covert to html by Word does work.
However, first it creates 1.5M large file and then it takes almost 10 minutes to convert. Also, batch processing will not be possible by this method.
This did inspire me and I try to save it as UTF-8 in notepad, works, takes couple of seconds to convert. So, looks like there is a bug in supporting Unicode TXT. UTF-8 TXT is perfect.
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