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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
07/28/201409:17:32MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up; Family Dollar...
07/28/201408:09:17MARKET SNAPSHOT: U.S. Stocks: Futures Down; Family Dollar Soars...
07/28/201407:06:31MARKET SNAPSHOT: U.S. Stocks: Futures Dip As Busy Data Week Begins
04/29/201417:35:10MARKET SNAPSHOT: U.S. Stocks Rise As Risk Appetite Returns
04/29/201414:01:47Coach Profit Falls as Rivals Take Sales
04/29/201413:08:06MARKET SNAPSHOT: U.S. Stocks Rise; Dow Sees Triple-digit Gain
04/29/201410:42:56MARKET SNAPSHOT: U.S. Stocks Rise; Merck, Sprint Rally On Results
04/29/201409:48:37U.S. Hot Stocks: Hot Stocks to Watch
03/18/201416:59:14MARKET SNAPSHOT: U.S. Stocks Rise As Ukraine Avoids Violence
03/18/201413:29:37MARKET SNAPSHOT: U.S. Stocks Extend Gains As Putin Says 'no Partition'
03/18/201410:31:21MARKET SNAPSHOT: U.S. Stock Market Edges Higher; Builds On Gains
01/22/201417:14:04MARKET SNAPSHOT: IBM Drags On Dow; U.S. Stocks Mostly Rise
01/22/201415:44:34Coach Earnings Fall on North American Market Weakness -- Update
01/22/201411:11:45MARKET SNAPSHOT: IBM Drags On Dow As U.S. Stocks Mostly Fall
01/22/201410:17:37MARKET SNAPSHOT: U.S. Stocks Open Higher; IBM Drags On Dow
01/22/201408:32:51Coach Earnings Fall on North American Market Weakness
01/19/201408:17:14MARKET SNAPSHOT: 'Sloppy' Market Turns To Consumer, Tech Earnings
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-

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