SEC Company Response from MMTec, Inc. (MTC) (CIK 0001742518) (MTC) — Nov 30, 2018
MMTec, Inc. (MTC) (CIK 0001742518)
Date: Nov. 30, 2018 · CIK: 0001742518 · Accession: 0001213900-18-016764
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-227934
Letter
Division of Corporation Finance United States Securities and Exchange Commission Re: MMTec, Inc. Amendment No. 1 to Registration Statement on Form F-1 (SEC File No. 333-227934)
Dear Ms. Aldave:
In response to your oral comments, please note that the two loan advances to Xiangdong Wen and Zhen Fan are fully disclosed in the Related Party Transactions section of the Company's F-1 filing. These advances were repaid in full in the year ended December 31, 2017. The advance balances as of June 30, 2018 and December 31, 2017 were zero. The Company and its management is fully aware of its responsibilities to comply with the affiliate loan prohibitions under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder and will maintain compliance with such provisions going forward.
Very truly yours,
/s/ Alec Orudjev
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CORRESP
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Schiff Hardin LLP
901 K Street NW
Suite 700
Washington, DC 20001
T 202.778.6400
F 202.778.6460
schiffhardin.com
Alec F. Orudjev
(202) 724.6846
aorudjev@schiffhardin.com
November 30, 2018
VIA SEC EDGAR
Division of Corporation Finance
United States Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Tonya J. Aldave, Attorney-Advisor
Re:
MMTec, Inc.
Amendment No. 1 to Registration Statement on Form F-1
(SEC File No. 333-227934)
Dear Ms. Aldave:
In response to your oral
comments, please note that the two loan advances to Xiangdong Wen and Zhen Fan are fully disclosed in the Related Party Transactions
section of the Company's F-1 filing. These advances were repaid in full in the year ended December 31, 2017. The advance balances
as of June 30, 2018 and December 31, 2017 were zero. The Company and its management is fully aware of its responsibilities to
comply with the affiliate loan prohibitions under the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder and will maintain compliance with such provisions going forward.
Very truly yours,
/s/ Alec Orudjev
Cc:
Xiangdong Wen, Chairman
Zhen Fan, Chief Executive Officer
Ralph V. De Martino, Esq., Schiff Hardin LLP