June 20 (Reuters) - Esprit Holdings
* Noted recent decreases in price and increases in trading volume of shares of company
* "These unusual movements do not correspond to any material adverse change in operation and business development of group"
* "Board does not know whether recent decreases in price and increases in trading volume of the shares of company was caused by hsbc report"
* Also noted Hsbc Global Research report on 12 june relating to co reducing its target price from hk$5.00 per share to hk$4.80 per share Source text for Eikon: Further company coverage: (email@example.com)