SEC Company Response from Fangdd Network Group Ltd. (DUO) (CIK 0001750593) (DUO) — Oct 23, 2019
Fangdd Network Group Ltd. (DUO) (CIK 0001750593)
Date: Oct. 23, 2019 · CIK: 0001750593 · Accession: 0001193125-19-272674
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-234130
Referenced dates: October 17, 2019
Letter
VIA EDGAR Division of Corporation Finance Office of Real Estate and Commodities Re: Fangdd Network Group Ltd. (CIK No. 0001750593) Amendment No. 1 to Registration Statement on Form F-1 (File No. 333-234130)
Dear Mr. Burr and Ms. Barros:
On behalf of our client, Fangdd Network Group Ltd., a foreign private issuer organized under the laws of the Cayman Islands (the “Company”), we submit to the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) this letter setting forth the Company’s response to the comment contained in the Staff’s letter dated October 17, 2019 on the Company’s registration statement on Form F-1 (the “Registration Statement”) dated October 8, 2019 via EDGAR.
The Company has responded to the Staff’s comment by filing the revised document as requested. The Staff’s comment is repeated below in bold and followed by the Company’s response.
Concurrently with the submission of this letter, the Company is filing herewith Amendment No. 1 to the Company’s Registration Statement containing a preliminary prospectus with a price range and certain exhibits.
To facilitate the Staff’s review, the Company has separately delivered to the Staff today five courtesy copies of the Registration Statement, marked to show changes to the registration statement dated October 8, 2019, and two copies of the submitted exhibits.
The Company plans to request that the Staff declare the effectiveness of the Registration Statement on or about October 31, 2019, and will file the joint acceleration requests before the requested effective time. The Company would greatly appreciate the Staff’s continued assistance and support in meeting the proposed timetable for the offering.
Cooley HK
Registered Foreign Law Firm in Hong Kong (USA)
In Association with CYL & Partners
Room 1601, Level 16 Two ChinaChem Central 26 Des Voeux Road Central, Central, Hong Kong
t: + 852 3758 1200 f: + 852 3758 1201 cooley.com
Exhibit 99.2, page II-3
1. Please delete the language stating that the opinion is not to be used “or relied upon by anyone else.”
In response to the Staff’s comment, the Company has filed the revised PRC legal opinion as Exhibit 99.2 to the Registration Statement.
* * *
Cooley HK
Registered Foreign Law Firm in Hong Kong (USA)
In Association with CYL & Partners
Room 1601, Level 16 Two ChinaChem Central 26 Des Voeux Road Central, Central, Hong Kong
t: + 852 3758 1200 f: + 852 3758 1201 cooley.com
Will H. Cai
+852 3758 1210
wcai@cooley.com
If you have any questions regarding the Registration Statement, please contact the undersigned by phone at +852 3758 1210 or via e-mail at wcai@cooley.com.
Very truly yours,
/s/ Will H. Cai
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CORRESP 1 filename1.htm CORRESP Will H. Cai +852 3758 1210 wcai@cooley.com October 23, 2019 VIA EDGAR Mr. Jonathan Burr Ms. Sonia Barros Division of Corporation Finance Office of Real Estate and Commodities U.S. Securities and Exchange Commission 100 F Street, NE Washington, D.C., 20549 Re: Fangdd Network Group Ltd. (CIK No. 0001750593) Amendment No. 1 to Registration Statement on Form F-1 (File No. 333-234130) Dear Mr. Burr and Ms. Barros: On behalf of our client, Fangdd Network Group Ltd., a foreign private issuer organized under the laws of the Cayman Islands (the “Company”), we submit to the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) this letter setting forth the Company’s response to the comment contained in the Staff’s letter dated October 17, 2019 on the Company’s registration statement on Form F-1 (the “Registration Statement”) dated October 8, 2019 via EDGAR. The Company has responded to the Staff’s comment by filing the revised document as requested. The Staff’s comment is repeated below in bold and followed by the Company’s response. Concurrently with the submission of this letter, the Company is filing herewith Amendment No. 1 to the Company’s Registration Statement containing a preliminary prospectus with a price range and certain exhibits. To facilitate the Staff’s review, the Company has separately delivered to the Staff today five courtesy copies of the Registration Statement, marked to show changes to the registration statement dated October 8, 2019, and two copies of the submitted exhibits. The Company plans to request that the Staff declare the effectiveness of the Registration Statement on or about October 31, 2019, and will file the joint acceleration requests before the requested effective time. The Company would greatly appreciate the Staff’s continued assistance and support in meeting the proposed timetable for the offering. Cooley HK Registered Foreign Law Firm in Hong Kong (USA) In Association with CYL & Partners Room 1601, Level 16 Two ChinaChem Central 26 Des Voeux Road Central, Central, Hong Kong t: + 852 3758 1200 f: + 852 3758 1201 cooley.com Exhibit 99.2, page II-3 1. Please delete the language stating that the opinion is not to be used “or relied upon by anyone else.” In response to the Staff’s comment, the Company has filed the revised PRC legal opinion as Exhibit 99.2 to the Registration Statement. * * * Cooley HK Registered Foreign Law Firm in Hong Kong (USA) In Association with CYL & Partners Room 1601, Level 16 Two ChinaChem Central 26 Des Voeux Road Central, Central, Hong Kong t: + 852 3758 1200 f: + 852 3758 1201 cooley.com Will H. Cai +852 3758 1210 wcai@cooley.com If you have any questions regarding the Registration Statement, please contact the undersigned by phone at +852 3758 1210 or via e-mail at wcai@cooley.com. Very truly yours, /s/ Will H. Cai Will H. Cai Enclosures cc: Yi Duan, Chairman of the Board of Directors and Chief Executive Officer, Fangdd Network Group Ltd. Huaxin Wen, Financial Director, Fangdd Network Group Ltd. Charlie Kim, Esq., Cooley LLP John Fung, Partner, KPMG Huazhen LLP Joe Cheng, Partner, KPMG Huazhen LLP Shuang Zhao, Esq., Partner, Cleary Gottlieb Steen & Hamilton LLP Cooley HK Registered Foreign Law Firm in Hong Kong (USA) In Association with CYL & Partners Room 1601, Level 16 Two ChinaChem Central 26 Des Voeux Road Central, Central, Hong Kong t: + 852 3758 1200 f: + 852 3758 1201 cooley.com