Massive writedown for Billswang
Tue May 19, 2026 1:42 pm
Cornean electronics giant, Billswang, has announced a 45 billion yum writedown on its mobile division after it was found to be largely immobile.
The massive factory was due to be moved down-river at the end of the FY, but engineers found that foundations had become set, barely 6 months after construction and 3 months since inital output began. Billswang share prices dropped a shedload on the news, with analysts predicting a full arsebagging by the Cornean government when it meets again next month.
BIllswang CEO Yim Long Tungsten declined to offer his resignation but did suggest he might set fire to the factory late one night and claim the insurance money.
Billswang closed down 400, with the ITSY split up three-quarters.
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