HK Hot Stocks: Cement maker CNBM rises, Denway down

HONG KONG, Feb 11 (Reuters) - Here are some stocks on the move in Hong Kong on Monday, the first day of trade in the year of the Rat:

As of 0228 GMT, the blue-chip Hang Seng Index .HSI had dropped 1.01 percent, extending opening falls as the market caught up with losses in overseas markets during the Lunar New Year holiday. The index opened down 0.28 percent at 23,404.74.

The China Enterprises index of H-shares .HSCE, or Hong Kong-listed shares in mainland companies, fell 1.11 percent.

STOCKS ON THE MOVE:

* Shares of China National Building Material Co Ltd (3323.HK: Quote, Profile, Research, Stock Buzz) jumped 5.05 percent to HK$21.80 after China's No. 2 cement maker said it would seek shareholders' approval in a meeting on March 25 on its plan to issue up to 300 million H-shares at a price to be determined. For details please see here

* Shares of Denway Motors (0203.HK: Quote, Profile, Research, Stock Buzz) fell 4.25 percent to HK$4.48 after a newspaper reported on Monday that its parent, Guangzhou Automotive Industry was eyeing a dual listing in China and Hong Kong to raise a combined $1 billion. [ID:nHKG369955]

* Shares of Chalco (2600.HK: Quote, Profile, Research, Stock Buzz) fell 3.09 percent to HK$11.92. The chairman of mining company Rio Tinto Ltd/Plc (RIO.AX: Quote, Profile, Research, Stock Buzz)(RIO.L: Quote, Profile, Research, Stock Buzz) wrote to shareholders on Sunday, urging them to take no action on a bid for the company by rival miner BHP Billiton (BHP.AX: Quote, Profile, Research, Stock Buzz) (BLT.L: Quote, Profile, Research, Stock Buzz). [ID:nSYD19845]

State-owned Chinalco, parent of Chalco, and its partner, U.S. aluminium giant Alcoa Inc (AA.N: Quote, Profile, Research, Stock Buzz), which gate-crashed BHP's plan for a takeover of Rio with a $14 billion purchase of a 9 percent stake in the company, were in no rush to make their next move. {ID:nHKG213891]

* Bank of East Asia (0023.HK: Quote, Profile, Research, Stock Buzz), which is scheduled to release its final results on Friday, slid 1.19 percent to HK$41.30. The bank said it would fully support David Li in continuing as the chairman and chief executive of the bank after Li, without admitting or denying liability, agreed to pay a civil penalty of US$8.1 million in relation to trading in shares in Dow Jones. For details please see here (Reporting by Donny Kwok; Editing by Anne Marie Roantree)