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Suntech’s ‘Worst Time’ Behind It, Gong Says: Magazine

“Suntech isn’t on the edge of bankruptcy,” Vice President Gong Xuejin said, according to a report dated Nov. 8 in The Economy & Nation Weekly, a magazine controlled by the Xinhua News Agency.

* Correction Link: * Gong denied rumors that Executive Chairman Shi Zhenrong will pledge his personal assets for a government bailout, according to the magazine * Co. expects to maintain its 2012 shipments at 1.8GW-2GW, according to the report; co. is yet to report 3Q results

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