HONG KONG, March 5 Fast Retailing Co Ltd,
operator of Japan's Uniqlo clothing outlets, is set to rise 4.5
percent in its Hong Kong trading debut on Wednesday when Asia's
biggest clothier by market value lists in the city.
Fast Retailing's Hong Kong depositary receipts (HDRs)
are indicated to open at HK$28.60, with each HDR
representing one hundredth of the Japanese company's
Fast Retailing shares closed on Tuesday at 35,890 yen, or an
equivalent of HK$27.36 per HDR, according to a securities
filing. By comparison, Hong Kong's benchmark Hang Seng Index
was set to start 0.8 percent higher and fashion peer
Prada SpA up 2.3 percent.
Fast Retailing's Tokyo-listed shares were up 2.9
percent in early Wednesday trade.
The company is not raising fresh capital through its Hong
($1 = 101.4350 Japanese yen)
(Reporting by Elzio Barreto and Denny Thomas; Editing by Paul