SEC Comment Letter for Future FinTech Group Inc. (FTFT) (CIK 0001066923) (FTFT) — Jan 24, 2020
Future FinTech Group Inc. (FTFT) (CIK 0001066923)
Date: Jan. 24, 2020 · CIK: 0001066923 · Accession: 0000000000-20-000655
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-34502
Letter
January 24, 2020 Yongke Xue Chief Executive Officer Future FinTech Group Inc. 23F, China Development Bank Tower No. 2 Gaoxin 1st Road Xi’an, Shaanxi, China 710075 Re:Future FinTech Group Inc. Amendment No. 4 to Preliminary Proxy Statement on Schedule 14A Filed January 23, 2020 File No. 001-34502 Dear Mr. Xue: We have limited our review of your filing to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Our references to prior comments are to comments in our January 21, 2020 letter. Preliminary Proxy Statement on Schedule 14A filed January 23, 2020 Unaudited Pro Forma Condensed Consolidated Balance Sheet, page 33 1.We note the changes made to this statement in response to comment 2. Please revise to correctly add up the sub-totals and totals of the HeDeTang HK column, as these amounts are not consistent with the September 30, 2019 balance sheet of HeDeTang HK presented on page 39. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Charles Eastman at 202-551-3794 or Martin James at 202-551-3671 if you have questions regarding comments on the financial statements and related matters. Please
FirstName LastNameYongke Xue Comapany NameFuture FinTech Group Inc. January 24, 2020 Page 2 FirstName LastName Yongke Xue Future FinTech Group Inc. January 24, 2020 Page 2 contact Tim Buchmiller at 202-551-3635 or Russell Mancuso at 202-551-3617 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing cc: Jeffrey Qiong Li, Esq.
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January 24, 2020
Yongke Xue
Chief Executive Officer
Future FinTech Group Inc.
23F, China Development Bank Tower
No. 2 Gaoxin 1st Road
Xi’an, Shaanxi, China 710075
Re:Future FinTech Group Inc.
Amendment No. 4 to Preliminary Proxy Statement on Schedule 14A
Filed January 23, 2020
File No. 001-34502
Dear Mr. Xue:
We have limited our review of your filing to those issues we have addressed in our
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional
comments. Our references to prior comments are to comments in our January 21, 2020 letter.
Preliminary Proxy Statement on Schedule 14A filed January 23, 2020
Unaudited Pro Forma Condensed Consolidated Balance Sheet, page 33
1.We note the changes made to this statement in response to comment 2. Please revise to
correctly add up the sub-totals and totals of the HeDeTang HK column, as these amounts
are not consistent with the September 30, 2019 balance sheet of HeDeTang HK presented
on page 39.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Charles Eastman at 202-551-3794 or Martin James at 202-551-3671 if
you have questions regarding comments on the financial statements and related matters. Please
FirstName LastNameYongke Xue
Comapany NameFuture FinTech Group Inc.
January 24, 2020 Page 2
FirstName LastName
Yongke Xue
Future FinTech Group Inc.
January 24, 2020
Page 2
contact Tim Buchmiller at 202-551-3635 or Russell Mancuso at 202-551-3617 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing
cc: Jeffrey Qiong Li, Esq.