2013-01-28 | Editor : elsiefu 800 pageviews

SolarWorld AG: Necessity of Restructuring and Positive Going Concern Prognosis

In light of the anticompetitive market environment, the Management of SolarWorld AG(ISIN: DE0005108401) has initiated an external experts’ review on the company’s business plan in particular with regard to its anticipated earnings and financial planning.

On the basis of the business plan, checked on plausibility by the external experts, the Management is of the opinion that serious adjustments on the debt side are necessary, in particular with regard to the bonds (ISIN XS0478864225 und ISIN XS0641270045) and the assignable bank loans. Simultaneously, SolarWorld AG is of the opinion that there is a predominant degree of probability that the necessary financial restructuring and necessary operational measures can be achieved in the best interest of all parties and a positive going concern prognosis is thus given.

The Management will permanently review the going concern prognosis and will initiate solution orientated discussions.

Related Entries
SOLAR MARKET STATUS

Taiwan, China solar firms boost overseas production

More than a month after the US International Trade Commission's (ITC) anti-dumping and countervailing duties ruling against Ch.. more

RESEARCH

Chinese Companies to come up with Solutions after US Announced its Preliminary Determination on CVD & AD Duty

US’s AD tax rates imposed on Chinese PV products were ranged between 26.33%-165.04%. It’s like a wall that blocks Chine.. more




Purchase reports

announcements