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
