SEC Comment Letter for MAN SANG HOLDINGS INC (CIK 0000807630) — Oct 28, 2005
MAN SANG HOLDINGS INC (CIK 0000807630)
Date: Oct. 28, 2005 · CIK: 0000807630 · Accession: 0000000000-05-054934
AI Filing Summary & Sentiment
Referenced dates: August 17, 2005
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-0308
DIVISION OF
CORPORATION FINANCE
Mail Stop 03-08
September 13, 2005
AU Moon Ying, Henry
Chief Financial Officer
Man Sang Holdings, Inc.
21/F., Railway Plaza, 39 Chatham Road South
Tsimshatsui, Kowloon, Hong Kong
Re: Man Sang Holdings, Inc.
Form 10-K for the Fiscal Year Ended March 31, 2005
Form 10-Q for the Fiscal Quarter Ended June 30, 2005
File No. 0-20877
Dear Mr. AU Moon Ying:
We have reviewed the responses in your letter filed on August
31, 2005 and have the following additional comment.
Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects. We welcome
any questions you may have about our comment or on any other
aspect
of our review. Feel free to call us at the telephone numbers
listed
at the end of this letter.
Form 10-K for the Fiscal Year Ended March 31, 2005
Notes to the Consolidated Financial Statements, F-9
Note 8. Real Estate Investment, F-22
1. We note your response to comment 5 in our letter dated August
17,
2005. We are still unclear as to why the disposal of the real
estate
investment was classified as "held and used" rather than "held for
sale." Please address each of the criteria (a) - (f) in paragraph
30
of FAS 144 and tell us which of the criteria the sale does not
meet.
Please be specific and provide any significant assumptions and
estimates used in your determination.
* * * *
As appropriate, please respond to these comments within 10
business days or tell us when you will provide us with a response.
Please furnish a letter that keys your responses to our comments
and
provides any requested supplemental information. Detailed
response
letters greatly facilitate our review. Please file your response
letter on EDGAR. Please understand that we may have additional
comments after reviewing your responses to our comments.
You may contact Dave Irving, Staff Accountant, at (202) 551-
3321 if you have questions regarding comments on the financial
statements and related matters. Please contact me at (202) 551-
3841
with any other questions.
Sincerely,
Michael Moran
Branch Chief
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AU Moon Ying, Henry
Man Sang Holdings, Inc.
September 13, 2005
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