Hall of Shame
Joyou (JY8 GR)
Joyou, announced that it had started insolvency proceedings after writing off $300m on guarantees given to creditors of a subsidiary, Joyou Hong Kong, a holding company for eight Joyou operating businesses in Fujian province, eastern China.
FT.com: Japanese group Lixil faces losses after unit files for insolvency, 25 May 2015
Joyou: Annual Report, 2010
LIXIL Group Corporation: Short-sellers Report, 16 Nov 2015