Monday's Asia ADR Recap: SINA

China Architectural Engineering (RCH Quote), a leader in the design, engineering, fabrication and installation of high-end building envelope solution systems, announced it has won its first contract in the U.S. worth $11.6 million. The company said it has been selected to supply and install the curtain wall for a 21-story luxury condominium project in New York City. Shares of RCH jumped 10.4% to $6.02.

Chinese communication solutions provider Comtech Group (COGO Quote) announced it has agreed to buy U.S.-based maker of products for satellite and cable networks transmission, Radyne (RADN Quote), for $223.6 million to expand Comtech's satellite earth station product portfolio. Under the terms of the deal, Comtech will make a first step cash tender offer to Radyne shareholders of $11.50 per share. Once the tender offer is approved, it will be followed by a merger at the same price. Shares of RADN surged 43% to $11.10 and COGO finished essentially flat at $12.91.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

For more on Asia, check out Daniel Harrison's coverage at TheStreet.com.