Home » today » Business » Chinese real estate giant Evergrande moves headquarters to cut costs Chinese real estate giant Evergrande moves headquarters to cut costs January 11, 2022 by world today news – © REUTERS – Chinese real estate giant Evergrande has moved its headquarters in the Chinese city of Shenzhen to cut costs. The logo was also removed from the former office building on Monday. The headquarters has been moved to a building that the group owns, but in the same city, it sounds. – gjsSource: BELGIAN Today at 08:57— In recent months, heavily indebted Evergrande has run into financial trouble. The group even requested a deferment of payment for part of its foreign debts. Evergrande’s share price has already lost nearly 90 percent. The financial problems are affecting the entire Chinese real estate sector – which has experienced an unprecedented boom in recent years. It is feared that a bankruptcy of Evergrande will hurt the entire economy. In recent months, there have been repeated protests by angry investors in front of Evergrande’s Shenzen headquarters. — . Related posts:Lawyers File Complaint Against Dominican Republic Army Members for Assaulting Colleague Fausto Taver...41% of Latvian companies Covid-19 has seen a decrease in profits, but every tenth has increased - Ec..."Half each" does not have to pay taxes - innnews.How Can Cisco Certifications (CCNA, CCIE & CCNP) Differentiate You from Others?Share this:FacebookX Related Fears flood damage after snowmelt – roofs have collapsed in Tvedestrand Sony mobiles are starting to get Android 12 Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed. Search for: