"All Inspire" Announces 3-Year Pause on New Real Estate Projects, Shifts Focus to Asset Management, Debt, and Carbon Credits to Embrace Mega Trends
Mr. Thanakorn Thanavarit, Chief Executive Officer of All Inspire Development Public Company Limited stated that the company will restructure its business operations, preparing to transition into a "holding company" to align with the Mega Trend. The proportion of real estate business will be reduced to 10%. Over the next three years, the company plans to gradually sell existing projects with a backlog of approximately 8 billion baht to generate revenue recognition, and there are currently no plans for new construction projects. As for the 5-6 plots of land awaiting development, the company is ready to sell immediately if there are buyers.
In addition, the company will move forward with three new businesses to capitalize on the Mega Trend, which are asset management, debt management, and carbon credits, with an investment budget of approximately 1.4 billion baht. This will be divided into 50% for asset management, while debt management and carbon credits will each receive about 40% of the investment. The company has partnered with business allies who are ready and capable of starting operations immediately, with clearer developments expected in the third quarter of 2022. The company aims for asset management to account for 30%, debt management for 30%, and carbon credits for 30%, with a target market cap of 30 billion baht within three years.
However, this business restructuring is based on the concept of "All New Era," where All Inspire is not limited to real estate anymore but is seeking new opportunities for rapid business recovery and growth, aiming for a turnaround as it prepares to become a "holding company" to enhance flexibility in expanding into new revenue-generating businesses.
For the year 2022, the company expects revenue of approximately 4,000 - 4,500 million baht, with about 40% coming from real estate and around 60% from asset and debt management.
The three new businesses are:
Asset Management Assets Management (AMC) will involve establishing new companies in partnership with business allies, including mergers and acquisitions, and participating in bids with financial institutions.
Debt Management Debt Management will focus on acquiring non-performing loans for management and restructuring, such as personal loans, credit card debts, or other debts, with plans to collaborate with business partners.
Carbon Credits Carbon Credits will involve joint ventures with global business partners, operating as a One Stop Service for buying, selling, and developing carbon credits through blockchain, the first of its kind in Thailand.