Property News · January 10, 2022

China Evergrande switches headquarters building in cost-saving move as financial pressures mount


Heavily indebted developer China Evergrande Group has moved from its previous headquarters in Shenzhen to its own property, in an attempt to save costs as it battles a financial crisis.The company’s logo on the building where it was previously housed was seen being taken down on Monday.“To save costs, [Evergrande] went through lease cancellation procedures at the Excellence Houhai Finance Center in December 2021 and [we have] moved to our own property … The company’s registered place has not…

Source : South China Morning Post
Read more…China Evergrande switches headquarters building in cost-saving move as financial pressures mount

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