HONG KONG (MarketWatch) --
Esprit Holdings' shares jumped on Thursday after the company said it had correctly disclosed the size of its
retail outlet chain in mainland
China in its final results announcement filed in Hong Kong in September. Esprit shares were hammered Wednesday after local media magazine Next said the clothing retailer may have exaggerated the figure. Esprit said figures relating to its retail
network as disclosed in its Sept. 15 results' filing were accurate as of June 30. It said figures that appear on its corporate Website are "only updated from time to time" and shouldn't be regarded as presenting "the actual status at a particular point in time." Esprit shares leapt 13% at mid afternoon in Hong Kong.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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