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HK Hot Stocks-CNOOC at 3-yr high, Winsway weak on debut

Published 10/10/2010, 11:05 PM
Updated 10/10/2010, 11:08 PM

HONG KONG, Oct 11 (Reuters) - By 0259 GMT, the benchmark Hang Seng Index <.HSI> had risen 1.32 percent to 23,247.85, breaching a two-year peak at around 23,100.

The China Enterprise Index <.HSCE> of top locally listed mainland stocks was up 1.9 percent at 13,007.12.

Here are some stocks on the move:

* CNOOC Ltd <0883.HK> climbed 3.6 percent to HK$16.66, its highest since November 2007, after the company agreed to buy a third of Chesapeake Energy Corp's acreage in the Eagle Ford shale in South Texas for $1.08 billion. [ID:nTOE69A002]

* Quality Health Care Asia Ltd <0593.HK> surged 21.6 percent to HK$6.20, its highest since July 2001, before easing to HK$5.35, up 4.9 percent. The company said New Delhi-based Fortis Global Healthcare Holdings had agreed to buy its healthcare business for HK$1.52 billion ($195 million).

* Chinese coking coal logistics company Winsway Coking Coal Holdings Ltd <1733.HK>, which raised $473 million in an IPO and is partly owned by China-focused private equity fund Hopu Investment, traded at HK$3.50, down from the issue price of HK$3.70.

Another new listing, Kosmopolito Hotels International Ltd <2266.HK> debuted at HK$1.88, down from the issue price of HK$2.20, while Great Harvest Maeta Group Holdings Ltd <3683.HK> was at HK$1.25, up 11.5 percent from its issue price. (Reporting by Donny Kwok; Editing by Chris Lewis)

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