Uniqlo owner Fast Retailing Co. plans to list depositary receipts in Hong Kong to help promote its brand to investors and customers in the region.
Fast Retailing, which is on an overseas expansion drive, said it doesn't plan to sell new shares or raise funds through the listing. The receipts will trade on Hong Kong's stock exchange on March 5, it said in a statement.
President Tadashi Yanai has invested in building the business overseas, expanding in the U.S., China and Indonesia and hiring executives from Wal-Mart Stores Inc., Esprit Holdings Ltd., Express Inc. and Juicy Couture.