Clean Industry Solutions Holding Europe AB’s subsidiary Industrial Solar GmbH will cease operations by the end of February
Clean Industry Solutions Holding Europe AB (publ) ("CISH Holding" or the "Company") hereby publishes an update regarding the preliminary insolvency proceedings of one of its wholly owned German subsidiaries, Industrial Solar GmbH. CISH Holding’s other wholly owned subsidiary, Solar Spring GmbH continues to operate business as usual.As announced in the press release dated December 3, 2023, and further explained in the press release dated December 6, 2023, CISH Holding’s wholly owned German subsidiary Industrial Solar GmbH had to file for insolvency due to balance sheet over-indebtedness and