HK Hot Stocks: Great Eagle soars, IPPs slide

HONG KONG, Feb 15 (Reuters) - Here are some stocks on the move in Hong Kong on Friday.

As of 0221 GMT, the blue-chip Hang Seng Index .HSI was down 2.2 percent, tracking declining Asian markets.

The index opened down 2.1 percent at 23,511.47.

STOCKS ON THE MOVE:

* Great Eagle Holdings Ltd (0041.HK: Quote, Profile, Research, Stock Buzz) surged 15.7 percent to HK$28, a day after Champion REIT 2778.HK said it would pay HK$12.5 billion ($1.6 billion) to buy a Hong Kong office and retail complex from Great Eagle, in the first major post-IPO acquisition by any of the city's property trusts.

Champion REIT fell 1.4 percent to HK$4.25.

* Mainland independent power producers (IPPs) hit by high coal prices.

Chinese power producer Huadian Power International Corp Ltd (1071.HK: Quote, Profile, Research, Stock Buzz) tumbled 6.7 percent to HK$2.63 a day after the company said its coal costs were estimated to rise 15 percent.

Citigroup cut the stock to sell from hold [ID:nHKG171554].