BUZZ-Razer's HK shares drop most in nearly 7 months as chairman, director to cut stake

** Hong Kong shares of gaming hardware and software developer Razer Inc fall as much as 10.4% to HK$2.33, their biggest intraday drop since Nov 11, on course for second session of decline

** Stock second biggest loser on the Hong Kong bourse

** Co says its chairman Min-Liang Tan and director Lim Kaling plan sales of an aggregate 3.09% stake for HK$661.4 mln ($85.25 mln) to third party investors in a share placement ()

** The shareholders have agreed to sell 275 mln shares at HK$2.405 each, or 7.5% discount to Wednesday's close

** Tan's stake will be reduced to 33.76% and remain as the controlling shareholder on completion of the deal, while Lim's stake will be trimmed to 23.06%

** Stock hits lowest since March 25

** The Hong Kong Hang Seng sub-index tracking information technology firms slides 0.1%, while the Hang Seng Tech Index climbs 0.3%

** The benchmark Hang Seng index gains 0.1%

** Stock up 9.2% this year as of last close

($1 = 7.7582 Hong Kong dollars)

((Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net))