The original Coach Inc. Coach Inc., officially renamed as Tapestry, Inc. (6388.HK), announced that it will delist the market from the Hong Kong Stock Exchange. The company said the trading was light, which is the reason for the decision to delist but did not give any specific time table.
Despite the strong performance of Hong Kong stocks this year, those listed in Hong Kong as deposit-taking securities are still hard-pressed by local investors after Glencore PLC (GLEN.L) (00805.HK), the world's largest commodities trader, on 30 October The company may have already announced its delisting from the Hong Kong Stock Exchange in January next year for the same reasons as Tapestry, Inc.
According to the Hong Kong Stock Exchange data, Tapestry, Inc. (6388.HK) average daily turnover of only 77 hands, while the recent US stock market yield higher, the dollar strengthened, may be based in the United States listed on the NYSE American luxury goods Another reason for the group to abandon Hong Kong.
In addition, companies listed in Hong Kong with ADRs and even foreign companies that choose Hong Kong as an IPO market have all performed well in the open market. The Italian group Prada SpA (1913.HK) has raised its share price so far since listing in 2011 Plunged more than 32.07%. L 'Occitane International SA (0973.HK) rose 3.49%, much lower than the 42.57% gain in the Hang Seng Index over the same period. However, Japanese fast fashion brand Uniqlo Uniqlo Fast Retailing Co., Ltd. (9983.T) (6288.HK) Fast Retailing Group also recorded a drop of 11.02% in the Hong Kong market since its listing. The transactions were equally light.