HONG KONG, Jan 27 (Reuters) - By 0229 GMT, the benchmark Hang
Seng Index was up 0.14 percent at 20,137.30.
The China Enterprises Index of top locally listed mainland Chinese stocks had risen 0.3 percent to 11,438.94.
Here are some of the stocks on the move:
* Chinese medicine maker Sino Biopharmaceutical Ltd rose as much as 19.2 percent to a six-week high and was the second-highest percentage gainer in Hong Kong after the firm said it would sell 255 million new shares to its controlling shareholder for HK$535.2 million ($68.83 million), raising capital to fund future acquisitions.
The controlling shareholder will subscribe to the new shares on completion of the sale of 4.2 percent of the company's shares to China Life Insurance (Group) Co, the holding company of China Life, and an aggregate 1.14 percent stake to units of CITIC Securities Ltd.
By 0230 GMT, Sino Biopharmaceutical was trading at HK$2.40, up 11.16 percent.
(Reporting by Sui-Lee Wee; Editing by Jacqueline Wong)
((suilee.wee@thomsonreuters.com; +852 2843 6314; Reuters Messaging: suilee.wee.reuters.com@reuters.net)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia...... Japan........ S.Korea.... S.E. Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China...... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil........... JP bonds... ADR Report.......... LME metals.. US bonds... Stocks News US... Stocks News Europe... DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Taiwan diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Hong Kong Dollar LME price overview ($1=6.826 Yuan) Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The China Enterprises Index of top locally listed mainland Chinese stocks had risen 0.3 percent to 11,438.94.
Here are some of the stocks on the move:
* Chinese medicine maker Sino Biopharmaceutical Ltd rose as much as 19.2 percent to a six-week high and was the second-highest percentage gainer in Hong Kong after the firm said it would sell 255 million new shares to its controlling shareholder for HK$535.2 million ($68.83 million), raising capital to fund future acquisitions.
The controlling shareholder will subscribe to the new shares on completion of the sale of 4.2 percent of the company's shares to China Life Insurance (Group) Co, the holding company of China Life, and an aggregate 1.14 percent stake to units of CITIC Securities Ltd.
By 0230 GMT, Sino Biopharmaceutical was trading at HK$2.40, up 11.16 percent.
(Reporting by Sui-Lee Wee; Editing by Jacqueline Wong)
((suilee.wee@thomsonreuters.com; +852 2843 6314; Reuters Messaging: suilee.wee.reuters.com@reuters.net)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia...... Japan........ S.Korea.... S.E. Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China...... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil........... JP bonds... ADR Report.......... LME metals.. US bonds... Stocks News US... Stocks News Europe... DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Taiwan diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Hong Kong Dollar LME price overview ($1=6.826 Yuan) Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
