Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Creditors Give Q-Cells the Go-Ahead for Continuation - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

Creditors Give Q-Cells the Go-Ahead for Continuation

Will maintain operations of Q.CELLS and drive forward a potential restructuring option

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The creditors of insolvent photovoltaic company Q-Cells SE have unanimously approved that the company is to be continued. Insolvency administrator Henning Schorisch thus has the backing from the creditors to further pursue his plans. He will maintain operations of Q.CELLS and to drive forward a potential restructuring option, either via an investor solution or an insolvency plan.

The creditors of Q-Cells SE met in Dessau-Rosslau, where they were invited by the insolvency court to the first creditors’ meeting in the ongoing insolvency proceedings. At this first report meeting, the insolvency administrator informed the creditors on the status quo of the insolvency proceedings and submitted proposals concerning the further course of the insolvency proceedings for decision.

Moreover, Schorisch was unanimously confirmed in his office as insolvency administrator. The work carried out so far by the relevant parties was acknowledged as having been extremely successful.

“The backing of the creditors is an important signal indicating that the company can be rescued,” Schorisch emphasized. “After all, it shows the creditors’ belief in Q.CELLS’ future.”

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters