HK Hot Stocks: China Mobile rises, SHKP up

HONG KONG, May 27 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday.

As of 0218 GMT, the blue-chip Hang Seng Index .HSI had risen 0.69 percent to 24,294.35. It opened up 0.46 percent.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, was up 0.9 percent.

STOCKS ON THE MOVE:

* Shares in China Mobile (0941.HK), the world's biggest wireless carrier, gained 0.35 percent to HK$115.3 percent, recovering from a recent sell-off after Beijing unveiled a long-awaited sector revamp. The stocks had slid more than 8 percent on Monday.

* Shares of Shaw Brothers 0080.HK fell 0.23 percent and its broadcasting unit, TVB (0511.HK), eased 0.3 percent on Tuesday morning. The chairman of China's Country Garden Holdings (2007.HK) has agreed to pay $1.3 billion for 26 percent of Hong Kong's TVB (0511.HK), beating Blackstone (BX.N) and Carlyle [CYL.UL] to a coveted stake in Hong Kong's main broadcaster, the Financial Times reported on Tuesday. [ID:nHKG148984]

* Shares of property group Sun Hung Kai Properties (0016.HK) rose 1.03 percent ahead of a board meeting on Tuesday morning after chairman Walter Kwok failed to block the board from voting on whether to oust him amid a power struggle with his brothers.

* Shares of Maoye International Holdings (0848.HK) fell 2.32 percent after the Chinese department store operator said it would issue an additional 26.86 million new shares at an issue price of HK$3.10 each, to cover over allocation of shares during its IPO.

* Shanghai Industrial Holdings (0363.HK) rose 2.55 percent after the Shanghai municipal-backed conglomerate said it would see a HK$325 million gain from the sale of its 20 percent stake in non-core information technology development and consultancy services joint venture in the mainland to the company's major shareholder for HK$775 million. * Tsingtao Brewery Co (0168.HK) rose 1.9 percent after the brewer said it would buy from its substantial shareholder remaining interests in 24 subsidiaries and a 100 percent stake in two other firms for a total of 102.83 million yuan.

* Jinhui Holdings (0137.HK) jumped 5.1 percent after the company said its 54.77 percent owned and Olso-listed Jinhui Shipping and Transportation posted a more than three-fold rise in net profit to US$43.3 million for the first quarter of 2008. * Shares of SOHO China (0410.HK) climbed 4.3 percent after the real estate developer said it would buy Chaoyangmen SOHO, a commercial property development project in Beijing, and entire interest and debt in Beijing Kaiheng Real Estate Co in a deal worth 5.5 billion yuan, a move to tap the continuing growth of the mainland property market. (US$1=HK$7.8) (Reporting by Donny Kwok; Editing by Anne Marie Roantree)