SIX delists shares in Meyer Burger, a solar panel manufacturer.

The SER regulatory firm of the Swiss stock exchange operator SIX announced on Tuesday that it will delist Meyer Burger's registered shares after the solar panel manufacturer appears to be missing the deadline for submitting its annual report by 2024.

SER said that the reasons for the delay in the annual report were not addressed and will likely not be resolved by the deadline requested, leading to a request to delist the shares.

SER stated that the decision was not yet legally binding, and could be appealed in 20 days.

Meyer Burger, which has struggled in Europe and America to compete with products imported cheaper from Asia, announced that it would "in due time" provide more information about what it will do next.

The firm filed for bankruptcy for its German subsidiaries shortly after announcing that it would close its U.S. plant in Arizona in May due to financial problems.

SER stated that trading in Meyer Burger shares has been suspended for now.

(source: Reuters)