Evergrande shifts out of Shenzhen headquarters building to cut costs

Evergrande shifts out of Shenzhen headquarters building to cut costs

FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu/File Photo

Heavily indebted property firm China Evergrande Group said on Monday that it has moved out of its headquarters in Shenzhen to another property in the city to cut costs and was still registered in the southern Chinese city.

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