Chinese Stocks in the U.S.: China Hydroelectric, MediaExpress
Stock Chart for China Hydroelectric Corp (CHHYDZ)
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, increased 0.7 percent to 452.28. The American Stock Exchange China Index gained 1.4 percent to 244.57. The Shanghai Composite Index advanced 1 percent to 3,159.51.
The following companies were among the most active Chinese shares in New York trading. Stock symbols are in parentheses and prices are as of 4:29 p.m. New York time.
China Hydroelectric Corp. (CHC US), an operator and developer of hydropower plants, rose 4 percent to $7.79, the highest value since July 7. The Beijing-based company today announced that on Nov. 3 it agreed to acquire a controlling interest in 55.4 gross megawatts of operating installed capacity in the Fujian province, China.
China MediaExpress Holdings Inc. (CCME US), a television advertising operator, jumped 8.4 percent to $21.25, a record. The Hong Kong-based company raised its profit forecast for the current fiscal year 8.2 percent to $100 million.
China Technology Development Group Corp. (CTDC US), a maker of tin oxide base plates, rose 7.7 percent to $2.51, the most since Oct. 20. The Hong Kong-based company will acquire Linsun and its operating subsidiary Linsun Power Technology (Quanzhou) Corp. Ltd. for $3.2 million, according to a statement.
LDK Solar Co Ltd. (LDK US), Chinese manufacturer of wafers used in solar-power cells, increased 2.4 percent to $13.49, the highest value since June 10, 2009. The company said its third- quarter revenue more than doubled to $675.6 million. Results exceeded estimates of eight analysts surveyed by Bloomberg.
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