The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.
Air China Ltd. (601111 CH): The world’s largest carrier by market value entered into a supplementary agreement with The Boeing Company to buy 15 787-9 aircraft. The company in 2005 was approved to buy 15 787-8 aircraft. The stock dropped 3.2 percent to 11.23 yuan.
Baoshan Iron & Steel Co. (600019 CH): Parent Baosteel Group Corp. said it secured a credit line of $10 billion from China Development Bank Corp. to fund expansion. Baoshan Steel, the listed unit of China’s second-biggest steelmaker, was unchanged at 6.47 yuan.
China Gezhouba Group Co. (600068 CH): The hydropower contractor won a $672 million order to build a hydroelectric station in Ecuador. The order won’t have a significant effect on 2010 earnings, the company said. The stock fell 0.9 percent to 9.75 yuan.
China Railway Construction Corp. (601186 CH): The engineering and construction contractor won 39.1 billion yuan ($5.74 billion) of contracts for work on a rail line linking the cities of Changsha and Kunming. The stock fell 1.2 percent to 7.45 yuan.
Hainan Airlines Co. (600221 CH): Airline stockholder Hainan Industrial Holdings Co. sold 90 million shares, cutting its stake to 181,000 shares. The stock fell 3.3 percent to 5.78 yuan.
Huadian Power International Corp. (600027 CH): The listed unit of China’s fourth-largest power producer will buy a 35 percent stake in Quanhui Co. for 938.8 million yuan. The stock fell 1 percent to 3.95 yuan.
Weichai Power Co. (000338 CH): The maker of high-speed heavy-duty diesel engines of diesel engines had its Hong Kong- listed shares raised to “outperform” from “underperform” at Credit Suisse Group AG, which said the company may be a “strong beneficiary” of the focus on urbanization and industry relocation in China. The stock added 4.1 percent to 78 yuan.