March 27 (Reuters) - Erawan Group PCL ERW.BK :
* WE WILL BEGIN TO CLOSE MOST OF HOTELS IN THAILAND FROM 1
TO 30
APRIL 2020
* REDUCING DIRECTOR REMUNERATION AND MANAGEMENT-LEVEL SALARY
AT
BOTH THE HOTELS AND THE HEAD OFFICE
* HOP INN HOTELS HAD TEMPORARILY CLOSED SINCE 19 MARCH 2020
UNTIL
FURTHER NOTICE
* AT 2019-END, HAD THB 969 MILLION CASH ON HAND & ADDITIONAL
CREDIT FACILITIES OF THB 4 BILLION
* -ALL CAPITAL INVESTMENTS ARE SUSPENDED AND WILL RESUME
TAKING
INTO ACCOUNT THE SITUATION AND THE LIQUIDITY OF THE COMPANY AS
KEY FACTORS
Source text for Eikon: company coverage: ERW.BK