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Phoenix Solar Inc. to file for Chapter 7 insolvency proceedings

Phoenix Solar Inc. to file for Chapter 7 insolvency proceedings

Sulzemoos, December 18th, 2017 / The Management of Phoenix Solar Inc., the US subsidiary of Phoenix Solar AG will file for insolvency proceedings under Chapter 7 of the US Bankruptcy Code. Subsequent to the insolvency filing of the parent company as announced on December 8th and 13th, all pending orders and contracts were cancelled by the respective customers. As such, management has decided immediate liquidation proceedings were necessary.

Communicating Person: Dr. Joachim Fleïng
Language: English

Company:
Phoenix Solar AG
Hirschbergstr. 4
85254 Sulzemoos
Tel.: +49 8135 938315
Fax: +49 8135 938429
Email: disclosure@phoenixsolar.com
Internet: www.phoenixsolar-group.com
ISIN DE000A0BVU93
WKN A0BVU9
Stock exchanges: XETRA, Frankfurt (Prime Standard), Munich (M:access), Stuttgart, Berlin, Düsseldorf, Hamburg, Hannover, Tradegate Exchange

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