China Eastern Airlines Corp (NYSE: CEA, SHA: 600115, HKG: 0670), the nation's second biggest carrier, is expected to handle 66 million passengers this year, according to chairman Liu Shaoyong. The airline flew 44 million passengers in 2009.
PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857) said Tuesday its crude oil capacity in Xinjiang – China's largest oil and gas producer – would almost double to almost 1.4 million tons this year.
Mecox Lane Ltd (NASDAQ: MCOX), the operator of M18.com, a leading Chinese B2C womenswear retailer that went public earlier this month, said its business would not be affected by the two class action lawsuits that alleged it released falsified information.
Suntech Power Holdings Co (NYSE: STP), the world's biggest crystalline solar panel maker, has announced a plan to build a plant with an annual capacity of 1.2GW with Wuxi Industrial Development Group and Wuxi New District E&D Group. It also forecast it would deliver 2.2GW of products in 2011 compared to 1.5GW this year.
AsiaInfo-Linkage Inc (NASDAQ: ASIA), a Chinese communications software solutions and IT security products, said it has sold its IT security business through the disposition of Lenovo Security Technologies (Beijing) Inc to the management team of the IT security business. AsiaInfo-Linkage will receive $15 million in cash for 100% of its economic interest in Lenovo Security and settlement of certain inter-company liabilities.
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