Skadden Arps Slate Meagher & Flom and Paul Hastings have taken lead roles on the secondary listing of Japanese clothing company Fasting Retailing in Hong Kong. The retailer, whose primary listing is in Tokyo, has not issued shares or raised funds from the deal, but listed Hong Kong depositary receipts in the city by way of introduction so that investors can buy and sell shares in Hong Kong dollars instead of yen.
March 11, 2014 at 12:18 AM
1 minute read
The original version of this story was published on Legalweek
Skadden Arps Slate Meagher & Flom and Paul Hastings have taken lead roles on the secondary listing of Japanese clothing company Fasting Retailing in Hong Kong.
The company, whose primary listing is in Tokyo, has not issued shares or raised funds from the deal, but listed Hong Kong depositary receipts in the city by way of introduction so that investors can buy and sell shares in Hong Kong dollars instead of yen.
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