EVER announced an Asset to Cash strategy to speed up clearing inventory of houses, condos, and townhomes totaling 1,367 units worth 7.511 billion baht, aiming to generate cash and reduce debt. Chairman Savijak Lojaya said the company will focus on selling assets held for sale, boost sales through online channels and promotions, and has another 1.376 billion baht in sales awaiting revenue recognition that will be gradually transferred. In addition, the company plans to sell non-core assets such as a hospital and vacant land to repay debt and lower financial costs, while delaying new project investments amid the economic slowdown.
Everland Public Company LimitedEVER's strategy to clear inventory and reduce debt is a financial restructuring move aimed at improving cash flow and lowering financial costs.
