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The Paper: Evergrande Moved out of Its Shenzhen Headquarters Building

The Well-known new Chinese news site The Paper recently reported that the Evergrande Group has moved out of its Shenzhen Headquarters building and the “Evergrande Group” sign at the building has also been removed. According to sources familiar with the matter, Evergrande withdrew from the building in December 2021. Most of its working staff at the headquarters has moved back to Guangzhou to work. Sources revealed that, in order to cut costs, Evergrande completed the lease cancellation procedures quickly. However, based on the registration and filing information of commercial entities at the Shenzhen Market Supervision Bureau, Shenzhen remains the registered city for the Group. Evergrande officially moved its headquarters from Guangzhou to Shenzhen in mid-2017. At that time, its headquarters campus ground sat in the Shenzhen Bay Super Headquarters Base. The location was in the Hongshuwan luxury residential area, which occupies the central area of the city of Shenzhen. By sales, the China Evergrande Group is the second largest property developer in China . It ranked 122nd on the Fortune Global 500.

Source: The Paper, January 10, 2022