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HK Hot Stocks-Haier-CCT up after shr resumption

HONG KONG, Sept 30 (Reuters) - The following stocks were on the move on the Hong Kong stock exchange on Monday. This is how they closed:

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HANG SENG INDEX ENDS DOWN 2.39 PCT AT 9072.21 PTS

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**HAIER-CCT UP ON SHARE RESUMPTION**

Chinese mobile phone maker Haier-CCT up 13.11 percent at HK$0.138 after the stock resumed trade on Monday, on news that the Haier Group would become its controlling shareholder.

The firm said in a statement on Monday that it was in preliminary discussions with mainland white goods giant Haier Group regarding an asset injection in exchange for shares in the firm but no binding agreement has been reached yet.

The stock was extending an 18 percent jump on Wednesday, just before it was suspended from trading, after newspapers reported about the possible transaction.

Investors were shrugging off news that the Haier Group was cutting its sales target for Haier CCT (Qingdao) Telecom to 2.3 million from six million this year as demand from export markets failed to meet expectations.

Under the terms of the talks, the Haier Group will eventually increase its stake in Haier-CCT to 43.28 percnet.

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**BYD TRADED IN HEAVY VOLUME**

Chinese battery maker BYD Co Ltd ended unchanged at HK$15.80, off a high of HK$16.45, after falling almost 11 percent last week on uncertainties over a patent infringement lawsuit brought against the company.

The firm had denied on Thursday that it had infringed the patent by a unit of Japan's Sanyo Electric .

Traders sounded caution on the firm's outlook.

The stock, which gained six percent gain on Friday, was among the 20 most actively traded stocks in the market.

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**BRILLIANCE CHINA DOWN ON OWNERSHIP UNCERTAINTY**

China's largest mini-bus maker Brilliance China Automotive Holdings fell 4.81 percent to HK$0.99, after a Hong Kong nespaper, citing a Chinese magazine, reported a dispute between the Chinese government and the company's former chairman over the shareholding in the firm.

The company was not immediately available for comment.

The stock had touched an intra-day low of HK$0.98.

"The company's price earnings multiple is about four times right now, and there could be some bargain hunting as the share price goes below HK$1," said Kenny Tang, associate director at Tung Tai Securities.

(US$=HK$7.8=8.28 yuan)