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Coach Plans To Seek Approval Early Nov. For Depository Receipts Issuance In Hong Kong - Sources

HONG KONG -(Dow Jones)- Coach Inc. (COH) plans to seek approval from the Hong Kong stock exchange by the first week of November for its planned issuance of Hong Kong depositary receipts, or HDRs, people familiar with the situation said Thursday. The company aims to list on the exchange in November if it gets approval, one of the people said. Coach couldn't immediately be reached for comment. The planned Hong Kong listing would make it the latest luxury brand to seek a spot on the territory's stock exchange as they seek to boost their profile among China's rapidly growing affluent. The U.S.-based company said in May--when it revealed it planned a secondary listing in Hong Kong--that it doesn't plan to raise extra capital via the issuance of HDRs, underscoring that the exercise is more about marketing than finance. Coach's shares currently trade on the New York Stock Exchange. J.P. Morgan Chase & Co. is handling the deal, people familiar with the situation said earlier. -By Prudence Ho, Dow Jones Newswires; 852-2802-7002; prudence.ho@dowjones.com

Stock News for Coach (COH)
DateTimeHeadline
02/17/201710:29:00Miles Cahn Turned Coach Into a Household Name
02/17/201706:45:00Coach, Inc. Declares Quarterly Cash Dividend
02/16/201710:18:00Kate Spade Confirms It Is Exploring Strategic Alternatives
02/14/201717:26:47Amended Statement of Ownership (sc 13g/a)
02/13/201713:13:11Statement of Ownership (sc 13g)
02/10/201716:32:37Current Report Filing (8-k)
02/10/201709:40:08Amended Statement of Ownership (sc 13g/a)
02/07/201710:44:27Statement of Ownership (sc 13g)
01/31/201712:40:00Coach Earnings Rise, but Sales Forecast Eases--Update
01/31/201709:48:00Hot Stocks to Watch in the U.S. and Canada
01/31/201708:21:00Coach Earnings Rise, but Sales Forecast Eases
01/31/201706:46:33Current Report Filing (8-k)
01/31/201706:45:00Coach, Inc. Reports Fiscal 2017 Second Quarter Results; Drives...
01/24/201706:45:00Coach, Inc. to Host Second Quarter of Fiscal Year Earnings Call
01/23/201714:21:33Amended Statement of Ownership (sc 13g/a)
01/12/201718:17:36Statement of Changes in Beneficial Ownership (4)
01/04/201714:07:00Coach Names New CFO
01/04/201714:06:00Coach Names New CFO
01/04/201708:45:00Coach Names New CFO
01/04/201706:46:46Current Report Filing (8-k)

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