Solarworld has announced its second insolvency. According to the German stock corporations act, the company has to announce insolvency if 50% of the nominal share capital of the individual accounts has been lost. Equity plummeted from €30.8m to €2.8m in 2016 due to losses, e.g. impairments and provisions. The equity ratio of the group’s accounts is hovering at around 18% or €120.5m. Due to this announcement, an extraordinary general meeting has to be held. The auditors wi
22 Mar 2017
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SolarWorld AG (0QJC:LON) | 0 0 0.0% | Mkt Cap: 9.38m
- Published:
22 Mar 2017 -
Author:
Heinz Steffen -
Pages:
2
Solarworld has announced its second insolvency. According to the German stock corporations act, the company has to announce insolvency if 50% of the nominal share capital of the individual accounts has been lost. Equity plummeted from €30.8m to €2.8m in 2016 due to losses, e.g. impairments and provisions. The equity ratio of the group’s accounts is hovering at around 18% or €120.5m. Due to this announcement, an extraordinary general meeting has to be held. The auditors wi