Chinese ‘Virus’ Spreads To Germany: Meet The Company That Went From Record High To Zero In 1 Week


Chinese ‘Virus’ Spreads To Germany: Meet The Company That Went From Record High To Zero In 1 Week (ZeroHedge, May 21, 2015):

It appears the frauds, falsehoods, and f##king fallacies are all being exposed at the same time. While we have noted three companies that have collapsed in the last week – destroying their billionaire owners’ wealth in the process – it appears the Chinese capital destruction virus has spread to Germany. Joyou AG – a Chinese affiliate of German bathroom manufacturer Grohe – has collapsed from record highs a week ago to 0, pending bankruptcy, after admitting balance sheet manipulation.

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