HONG KONG, Sept 25 (Reuters) - By 0243 GMT, the benchmark Hang Seng Index was down 0.96 percent at 20,847.86. The China Enterprises Index of top locally listed mainland Chinese stocks lost 0.94 percent to 11,933.84, while the Shanghai Composite Index had edged down 0.50 percent to 2,839.301.
Here are some of the stocks on the move in early trade:
* Shares of menswear retailer China Lilang fell to as low as HK$3.63 on their trading debut, 6.9 percent below their issue price of HK$3.90. They steadied at HK$3.80 by 0226 GMT.
Its debut came a day after Metallurgical Corp of China (MCC) marked Hong Kong's worst debut this year. MCC shares, which fell as much as 13 percent on Thursday, rebounded 3.2 percent to HK$5.79.
Brokers said the disappointing performance of MCC soured confidence for both IPOs and the stock market, and might dull upcoming IPOs.
* SJM Holdings fell 5.2 percent to as low as HK$4.23, its lowest since Sept 15, after the casino operator announced a plan to issue HK$2 billion ($258 million) in Hong Kong dollar-denominated zero-coupon bonds due in 2015, convertible into SJM shares at a 20 percent premium over the previous close at HK$5.35 each. The proceeds will fund capital expenditure for Macau developments and for corporate purposes.
* Real Gold Mining fell 17.5 percent to as low as HK$9.32 before steadying at HK$9.66, still down 14.5 percent from the previous close. The gold producer said it planned to sell 105 million new shares to its controlling shareholder at a 15 percent discount at HK$9.60 each, raising capital to fund the development of its mining and exploration activities, and for the acquisition of gold mining and exploration projects.
* Electrical appliance store operator GOME Electrical fell 1.5 percent to HK$2.03 after it said it had repurchased 1.33 billion yuan worth of convertible bonds through an over-the-counter purchase, reducing the amount of convertible bonds outstanding to 3.27 billion yuan. (Reporting by Donny Kwok; Editing by Chris Lewis)