HK Hot Stocks-China Metal exec resigns, stock hits 4-mth low - News

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HK Hot Stocks-China Metal exec resigns, stock hits 4-mth low

By: AFX | 16 Nov 2009 | 09:56 PM ET

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HONG KONG, Nov 17 (Reuters) - By 0232 GMT, the benchmark Hang Seng Index had slipped 0.06 percent to 22,929.25. The China Enterprises Index of top locally listed mainland Chinese stocks was down 0.03 percent at 13,747.40. Here are some of the stocks on the move: * China Metal Recycling (Holdings) fell as much as 45 percent to a four-month low of HK$6.17 after it said an executive director had resigned. The director said the board had failed to address his concerns or provide clarification on certain issues, China Metal said in a statement on Tuesday. China Metal said the company and the board deny the director's allegations. By 0230 GMT, the stock, which was the top losing stock in Hong Kong, traded at HK$8.01, down 29 percent. * Meadville Holdings Ltd jumped as much as 48 percent to a record high of HK$3.18 after printed circuit board maker TTM Technologies Inc agreed to buy its printed circuit board business for $521 million.. By 0202 GMT, the stock, which was the top percentage gainer in Hong Kong, was trading at HK$3.11, up 45 percent. (Reporting by Sui-Lee Wee; Editing by Ken Wills) ((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 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 2009. All rights reserved.

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