Fast Retailing to list on Hong Kong stock exchange: Increasing globalization

Jan 27, 2014
At its board of directors meeting held on January 27, Fast Retailing resolved to list its HDR on the Main Board of the Hong Kong Stock Exchange. The listing is scheduled for March 5. No new shares or fundraising are planned as part of this listing. The Tokyo Stock Exchange will remain the company's primary market.

The company cited three goals for the listing: to increase awareness of group brands, including Fast Retailing and UNIQLO, and strengthen its presence in the rapidly growing Greater China and Southeast Asia regions; to expand its global investor base as the company grows; and to enhance the transparency of its financial and management status and improve the quality of its management as a global company.

The company is strengthening its store expansion in the Asia-Pacific region, opening global flagship stores in Hong Kong and Shanghai in 2013. It is scheduled to open its first store in Australia this spring. The company also recently announced the appointment of four executive officers with experience in global retailers such as H&M and Walmart.
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