Shenzhen: A lot of indebted property in China The Evergrande Group said on Monday that he had moved from his head office in Shenzhen to other properties in the city to cut costs and was still registered in the South China City.
The company issued a statement after Chinese media outlets, the paper reported that Evergrande had transferred its headquarters from Shenzhen to Guangzhou nearby.
Evergrande said it had moved from Shenzhen’s Excellence Center, which is owned by another company, to a building that Evergrande has in the city but does not provide more details about new settings.
The most dealing developer in the world, Evergrande struggled to pay more than $ 300 billion in obligations including nearly $ 20 billion in offshore bonds which were considered default-cross by the institution ranking last month after missing payment.
On Monday afternoon, the company’s logo has been removed in part on the one side of the center of excellence.
Security personnel, accompanied by security vehicles, keep watching, and some of them say that the company has left the building last month.
Last September, Shenzhen Building was a chaotic protest place when investors packed their lobans to demand loan payments and financial products.
L1N2QF0M1 last year, the Guangzhou government sent a work team to Evergrande, the source told Reuters.
The source also said that lawsuits against companies from around China were being handled by a court in Guangzhou, who was the capital of Guangdong Province, where Shenzhen was also located.
Evergrande was founded in Guangzhou, moved to Shenzhen only in 2017.
Last Tuesday, the protest also began at the Guangzhou office, with around 100 investors in financial products issued by companies that gathered to regain their money.
The crowd of small protesters continued to gather near the location since then, 10 protesters told Reuters.
Evergrande moves from the Shenzhen HQ building to cut costs
