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** Shares of copper and gold miner MMG Ltd fall 8.8% to HK$3.74 each, on course for the worst day since May 20

** Stock among the 30 biggest percentage decliners on the Hong Kong bourse

** Australia-based miner says it completed sale of 565 mln shares at HK$4.15 apiece to not less than six third-party investors, raising HK$2.32 bln ($299 mln) for acquisitions and replenishment of working capital ()

** Says controlling shareholder China Minmetals H.K. (Holdings) Ltd's stake in the company is diluted to 67.69% after the deal, from 72.43%

** The Hong Kong Hang Seng Commerce & Industry Index slips 0.6%, while the material index falls 2.3%

** The benchmark index eases 0.2%