Brief: Clean Industry Solutions Holding Europe Subsidiary Solarspring To File For Insolvency Proceedings In Germany, Board To Propose That AGM Resolves On Liquidation

Clean Industry Solutions Holding Europe AB

21/05/2024 19:18

May 21 (Reuters) - Clean Industry Solutions Holding
Europe AB  CISH.ST :
    * THE SUBSIDIARY SOLARSPRING GMBH WILL FILE FOR INSOLVENCY
PROCEEDINGS IN GERMANY AND THE BOARD WILL PROPOSE THAT THE AGM
RESOLVES ON LIQUIDATION OF CLEAN INDUSTRY SOLUTIONS HOLDING
EUROPE AB
    * HOLDING COMPANY HAS NO REMAINING OPERATIONAL ASSETS OR
BUSINESS
ACTIVITIES
    * CLEAN INDUSTRY SOLUTIONS HOLDING EUROPE - BUT IF
INSOLVENCY 
RESULTS IN BANKRUPTCY, CO WILL HAVE TO WRITE OFF ASSET CAUSING A
LOSS OF APPROX. 5.4 MSEK
    * BOARD WILL APPLY FOR DELISTING OF COMPANY'S SHARES FROM
NASDAQ
FIRST NORTH GROWTH MARKET.

Source text for Eikon:  ID:nWkr3hrNmV 
Further company coverage:  CISH.ST 

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