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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
01/29/201519:21:24U.S. Stocks Extend Gains
01/29/201519:20:16U.S. Stocks Trade Higher
01/29/201519:15:38Coach Reshuffles Executives as Earnings Fall Less Than Expected...
01/29/201517:21:58U.S. Stocks Mixed as Oil Drop Continues to Weigh
01/29/201511:29:20U.S. Stocks Waver Amid Data, Earnings
01/29/201508:19:23Coach's Earnings Fall Less Than Expected
01/29/201507:50:49MARKET SNAPSHOT: U.S. Stocks: Ford, McDonald's Up As Futures...
01/06/201517:22:39MARKET SNAPSHOT: S&P 500 Extends Losing Streak To 5 Days
01/06/201513:06:54MARKET SNAPSHOT: U.S. Stocks Sell Off; S&P 500 Below 2,000
01/06/201513:02:03MARKET SNAPSHOT: U.S. Stocks Edge Lower; Oil Marches Lower
01/06/201512:55:10MARKET SNAPSHOT: U.S. Stock Futures Swing As Oil Continues Slide
01/06/201512:53:55Coach to Buy Stuart Weitzman for $574 Million -- 2nd Update
01/06/201512:51:58MARKET SNAPSHOT: U.S. Stock Futures Turn Higher, But Oil's Decline...
01/06/201512:48:32Coach to Buy Stuart Weitzman for $574 Million -- Update
01/06/201512:48:16MARKET SNAPSHOT: U.S. Stocks: Futures Turn Higher, But Oil's...
01/06/201512:47:41Coach to Buy Stuart Weitzman for $574 Million
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09/09/201413:50:05Correction to U.S. Hot Stocks Story
08/12/201413:38:39Kate Spade Markdowns Hurt Margins--update

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