Japan'S Clothing Retailer UNIQLO Wants To Go Public In Hongkong

< p > morning of Beijing time, although in recent years some overseas enterprises have cancelled plans for listing in Hongkong, but Japanese a target= "_blank" href= "http://www.91se91.com/" > clothing /a > retailers, UNIQLO (Uniqlo) and other Japanese enterprises are waiting to be listed in Hongkong stock joint stock exchange.

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Less than p years ago, Italy fashion luxury brand Prada (Prada SpA) and United Co. Rusal Ltd. (Aluminum Inc) have led a large number of enterprises to list in Hongkong.

But according to Dealogic data, only six overseas companies went public in Hongkong last year.

M&G Chemicals, a Italy chemical company, postponed a $592 million financing plan for IPO in Hongkong last December.

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< p > although Hongkong has always been the favorite place for Chinese enterprises to contact the international capital market, there are only three Japanese listed companies.

However, with the strong earnings performance of Listed Companies in Japan in recent years and the brand effect brought by Hong Kong listed companies in China, more and more Japanese companies are beginning to choose to list on the Hongkong stock exchange.

According to Dealogic data, last year, the Hongkong stock exchange became the world's largest stock financing company after New York stock exchange.

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Jonathan Penkin, head of Asia equity capital, Goldman Sachs Group, said: "overseas companies seeking IPO in Hongkong need to have experience in developing businesses in China." P

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< p > according to people familiar with the matter, Japan's UNIQLO leisure "a target=" _blank "href=" http://www.91se91.com/ "dress less than /a" chain store operator Fast Retailing Co. plan was launched in Hongkong in the first quarter of 2014, and the company has hired Morgan Stanley Bank to operate the paction.

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< p > if successful.

The listed a href= "http://www.91se91.com/" > clothing retailing "/a" will become the fourth Japanese companies listed in Hongkong in recent years.

Previously, three Japanese companies listed in Hongkong were listed as follows: SBI Holdings Inc. of Japan's online financial group, which was listed in Hongkong in April 2011, raised $20 million, and Japanese casino operator Dynam Japan Holdings Co. raised 202 million dollars in Hongkong in August 2012. The Japanese online payment and e-commerce service provider Asia Ltd. were listed in Hongkong last December and raised 58 million dollars.

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< p > although it is unclear whether Fast Retailing will be financing through Hongkong IPO, the listing in Hongkong will help enhance the company's profitability in the region, especially in China.

According to the company's website, as of last November, UNIQLO had 251 retail outlets in China, 19 in Hongkong and 17 in the US.

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< p > Japanese companies have been looking for opportunities for expansion in overseas markets, as domestic aging and economic weakness are increasing.

Especially after the great earthquake of 2011, this effort began to accelerate.

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Last week, Tadashi Retailing, chief executive of Fast Retailing, said that he plans to develop the company into the world's largest apparel retailer by 2020, and its main business will be concentrated in China, Southeast Asia and emerging markets.

Fast Retailing's competitors in the world include Inditex in Spain, H&M Hennes&Mauritz AB in Sweden and Gap Inc. in the United States.

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"Japanese companies hope to be able to list in Hongkong because it will bring significant brand effect to mainland China and Asia," said Edward Au, CO head of P Deloitte China.

In addition, Japanese companies are able to raise funds in renminbi through listing in Hongkong.

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