** Chinese property developer Yuzhou Group's Hong Kong shares drop as much as 21.1% to HK$0.105, lowest since Sept. 27

** Stock set for biggest one-day pct fall since Oct. 8; top pct loser on the Hong Kong bourse

** Shanghai-based Yuzhou pans to raise HK$112.2 mln ($14.4 mln) via rights issue to settle fees from its proposed offshore debt restructuring

** The rights issue will be based on 49 rights shares for every 100 existing shares at HK$0.035 each, a ~74% discount to last close

** Co will issue 5.65 bln existing shares to be exchanged with some creditors for their debt at HK$2.127 as part of the restructuring

** YTD stock down 2.9%

($1 = HK$7.7742)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))