{"id":124179,"date":"2022-01-10T23:30:25","date_gmt":"2022-01-10T16:30:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-switches-headquarters-building-in-cost-saving-move-as-financial-pressures-mount\/"},"modified":"2022-01-11T00:09:07","modified_gmt":"2022-01-10T17:09:07","slug":"china-evergrande-switches-headquarters-building-in-cost-saving-move-as-financial-pressures-mount","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-switches-headquarters-building-in-cost-saving-move-as-financial-pressures-mount\/","title":{"rendered":"China Evergrande switches headquarters building in cost-saving move as financial pressures mount"},"content":{"rendered":"


\nHeavily 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\u2019s logo on the building where it was previously housed was seen being taken down on Monday.\u201cTo 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 \u2026 The company\u2019s registered place has not\u2026
\n
\nSource : South China Morning Post
\nRead more…China Evergrande switches headquarters building in cost-saving move as financial pressures mount<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Heavily indebted developer China Evergrande Group has moved from its previous headquarters in Shenzhen to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124179","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wiT","jetpack-related-posts":[{"id":121208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-boosts-asset-sales-in-bid-to-stave-off-cash-crunch\/","url_meta":{"origin":124179,"position":0},"title":"China Evergrande boosts asset sales in bid to stave off cash crunch","date":"August 2, 2021","format":false,"excerpt":"\r Highly indebted developer sells $420m stake in internet group as financial pressures mount\r \r Source : ft.com\r Read more...China Evergrande boosts asset sales in bid to stave off cash crunch","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-price-can-china-evergrande-expect-for-its-hong-kong-headquarters-certainly-not-us2-billion-say-analysts\/","url_meta":{"origin":124179,"position":1},"title":"What price can China Evergrande expect for its Hong Kong headquarters? Certainly not US$2 billion, say analysts","date":"August 24, 2021","format":false,"excerpt":"\r China Evergrande Group is rushing to sell assets to repair its balance sheet. Under state pressure to strengthen its balance sheet, the developer has held talks to sell its interest in Hong Kong-listed car-making unit and property management arm.The Shenzhen-based firm is seeking to sell the 26-storey China Evergrande\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-estates-reports-us447-million-loss-for-2021-as-costs-of-china-evergrande-friendship-mount\/","url_meta":{"origin":124179,"position":2},"title":"China Estates reports US$447 million loss for 2021 as costs of China Evergrande friendship mount","date":"March 21, 2022","format":false,"excerpt":"\r Chinese Estates Holdings, a major ally of heavily-indebted Chinese developer China Evergrande Group controlled by the family of fugitive property tycoon Joseph Lau Luen-hung, swung to a loss last year as China\u2019s housing market soured.The Hong Kong developer, chaired by Joseph Lau\u2019s son Lau Ming-wai, 41, reported a loss\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-china-evergrande-suffers-huge-blow-as-us1-7-billion-deal-to-sell-its-hong-kong-headquarters-collapses\/","url_meta":{"origin":124179,"position":3},"title":"Debt-stricken China Evergrande suffers huge blow as US$1.7 billion deal to sell its Hong Kong headquarters collapses","date":"October 15, 2021","format":false,"excerpt":"\r China Evergrande has failed to sell its single largest asset to state-backed Yuexiu Property, Reuters reported, a huge blow to the debt-stricken developer\u2019s frantic efforts to raise the funds it needs to survive.Guangzhou government-backed Yuexiu Property dropped a proposed US$1.7 billion offer to buy Evergrande\u2019s 26-storey office tower in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-creditors-seek-to-drum-up-demand-for-hong-kong-trophy-headquarters-with-prospect-of-rebuilding-it-bigger\/","url_meta":{"origin":124179,"position":4},"title":"Evergrande crisis: creditors seek to drum up demand for Hong Kong trophy headquarters with prospect of rebuilding it bigger","date":"October 12, 2022","format":false,"excerpt":"\r The Hong Kong trophy building of troubled China Evergrande Group, recently put up for sale by receivers, is hoping to woo buyers with the prospect of building a higher tower on the spot overlooking the iconic Victoria Harbour.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: creditors\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129971,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-receivers-put-hong-kong-trophy-headquarters-building-on-market-as-lenders-run-out-of-patience\/","url_meta":{"origin":124179,"position":5},"title":"Evergrande crisis: receivers put Hong Kong trophy headquarters building on market as lenders run out of patience","date":"September 26, 2022","format":false,"excerpt":"\r Evergrande can only watch as receivers of its Hong Kong headquarters building in Wan Chai engage Savills to put the asset on the market to recover debt.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: receivers put Hong Kong trophy headquarters building on market as lenders run\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124179"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124179"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124179\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}