Singulus needs support from bondholders to prevent insolvency

Facebook
Twitter
LinkedIn
Reddit
Email
Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency.

Specialist PV manufacturing equipment supplier Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency.

The company is planning to hold several bondholder meetings and an Extraordinary General Meeting in an attempt to gain support for balance sheet restructuring that will allow further corporate restructuring.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company noted in a financial statement that: “The restructuring of the corporate bond is an essential prerequisite for the balance sheet restructuring of the company. Without this restructuring SINGULUS TECHNOLOGIES will from today's point of view neither be able to achieve a balance sheet restructuring nor to safeguard sufficient liquidity in the future. Therefore, according to the current assessment of the Executive Board, the implementation of these measures and the concurrent approval of the bondholders and shareholders is the only feasible way to prevent an otherwise imminent insolvency of the company.”

Singulus had reported a negative EBIT of €13.9 million in the first nine months of 2015, compared with a negative EBIT of €38,7 million in the first nine months of 2014. 

Liquid funds declined a further €19.2 million from €35.8 million to €16.6 million at the end of September, 2015. 

The company recently reported preliminary 2015 full-year unaudited sales of €84 million, but restructuring charges were expected to result in a negative EBIT of €33 to €35 million. 

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Premium
July 2, 2025
ANALYSIS: China's leading PV manufacturers are locked in a new round of competition, aiming to outpace each other through record-breaking feats.
June 26, 2025
International researchers led by King Abdullah University of Science and Technology (KAUST) have developed a new cooling technology that improves the power and longevity of solar cells.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 24, 2025
Chinese solar manufacturing giant LONGi has signed an agreement with Indonesia’s Pertamina New & Renewable Energy to build a 1.4GW module assembly plant in West Java, Indonesia.
June 24, 2025
The Chinese polysilicon industry could face a shortage by 2028, despite persistent overcapacity in recent years, according to polysilicon market analyst Bernreuter Research.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK