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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
07/14/201609:48:00U.S. Hot Stocks: Hot Stocks to Watch
07/14/201608:59:00Coach Names New Head of Stuart Weitzman Division
07/14/201606:45:00Coach, Inc. Appoints Wendy Kahn as Chief Executive Officer and...
06/15/201619:36:10Statement of Changes in Beneficial Ownership (4)
06/10/201616:31:54Current Report Filing (8-k)
06/10/201610:00:00Disney and Coach Debut Mickey Mouse Collection
06/09/201618:19:00Ralph Lauren Hires CFO From Rival Coach -- Update
06/09/201610:09:00Correction to Wednesday's Coach Chief Financial Officer Story
06/09/201603:04:00Ralph Lauren Names New CFO in Shake-Up -- WSJ
06/08/201621:18:00Ralph Lauren to Hire CFO From Rival Coach, Sources Say
06/08/201617:42:00Coach Chief Financial Officer Resigns
06/08/201616:32:30Current Report Filing (8-k)
06/08/201616:30:00Coach CFO Nielsen to Leave; Search Commencing for Successor
05/31/201616:31:52Specialized Disclosure Report (sd)
05/31/201600:29:00First Hudson Yards Tower Set to Open
05/26/201606:45:00Coach, Inc. to Present at the Bernstein Strategic Decisions Conference
05/18/201606:45:00Coach, Inc. Declares Quarterly Cash Dividend
05/04/201617:56:38Statement of Changes in Beneficial Ownership (4)
04/27/201603:04:00Coach Bags Better Sales, Returning to Growth in North America...
04/26/201612:22:00Coach Tops Expectations as Sales Improve -- Update

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