By and  on March 5, 2014

Fast Retailing Co. Ltd. made a strong debut on the Hong Kong Stock Exchange Wednesday, with its shares surging 5.6 percent amid press reports the company is in talks to buy J. Crew Group Inc. for up to $5 billion.

The Hong Kong Depository Receipts (HDRs) of Uniqlo’s corporate parent ended the day 5.6 percent higher at 28.9 Hong Kong dollars, or $3.72 at current exchange. Each HDR represents one-hundredth of the company’s Tokyo-traded stock. Hong Kong’s benchmark Hang Seng Index ended the day down 0.3 percent.

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