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Wallem moving some ops to Shenzhen

Wallem moving some ops to Shenzhen
Shenzhen: Top ship manager Wallem Group is planning to move some operations to Shenzhen's new Qianhai economic zone to escape rising rents in Hong Kong, according to wire reports.

Wallem plans to open an office with 11 staff by June and will use it as a springboard to opportunities in China's shipping market while also paying less rent.

Wallem will gradually move more of its over 200 staff in its Hong Kong headquarters to its operations to Qianhai.

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