霍金路伟国际律师事务所 Preliminary Draft | Hogan Lovells International LLP Suite 1804-1808, Park Place 1601 Nanjing Road West Shanghai 200040
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15 December 2020
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Office of Mergers & Acquisitions Division of Corporation Finance Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-3628 Attention: Mr. Perry J. Hindin, Special Counsel |
| Re: | Acorn International, Inc. Amendment No.1 to Schedule 13E-3 Filed by Acorn International, Inc., First Ostia Port Ltd., Second Actium Coin Ltd., Robert W. Roche, Ritsuko Hattori-Roche, Catalonia Holdings, LLC and Bireme Limited Filed on November 27, 2020 File No. 5-83555 |
Ladies and Gentlemen:
On behalf of Acorn International, Inc., an exempted company incorporated under the laws of the Cayman Islands (the “Company”), we have set forth the below responses to the comment of the staff (the “Staff”) contained in its letter dated December 8, 2020 with respect to the Amendment No.1 to Schedule 13E-3, File No. 5-83555 (the “Schedule 13E-3”) filed on November 27, 2020 by the Company and the other filing persons named therein. For your convenience, the Staff’s comment is repeated below in bold and italics, followed in each case by the responses of the filing persons.
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Member of the Sino Global Legal Alliance with offices in: Beijing (北京) Changsha (长沙) Chengdu (成都) Chongqing (重庆) Dalian (大连) Guangzhou (广州) Hangzhou (杭州) Hong Kong (香港) Jinan (济南) Kunming (昆明) Lanzhou (兰州) Shanghai (上海) Shenyang (沈阳) Shenzhen (深圳) Tianjin (天津) Wuhan (武汉) Xiamen (厦门) Xian (西安) and of the Pacific Rim Advisory Council with member offices in: Argentina Australia Brazil Canada Chile China (Mainland) Colombia France Hong Kong India Indonesia Japan Korea Malaysia Mexico Netherlands New Zealand Peru Philippines Singapore Taiwan Thailand USA Venezuela.
Securities and Exchange Commission
December 15, 2020
Page 2
Please note that all references to page numbers in responses are references to the page numbers in Amendment No.2 to the Schedule 13E-3 (the “Second Amendment”) or the revised preliminary proxy statement attached as Exhibit (A)-(1) thereto (the “Revised Proxy Statement”), as the case may be, filed concurrently with the submission of this letter in response to the Staff’s comment. The Second Amendment and the Revised Proxy Statement each incorporate the changes made in response to the Staff’s comment. In addition, a marked copy of the Second Amendment and the Revised Proxy Statement showing changes made to the Amendment No.1 to Schedule 13E-3 and the preliminary proxy statement attached as Exhibit (A)-(1) to the Schedule 13E-3 filed on November 27, 2020 (the “Preliminary Proxy Statement”), respectively, are being provided separately to the Staff via email. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Amendment and the Revised Proxy Statement as applicable.
We have reviewed your response dated December 7, 2020 responding to our comment letter dated December 4, 2020 and requesting reconsideration of the staff’s comment that the Company include the furnished financial information in the Rule 13e-3 materials that will be disseminated to shareholders. We note that your response acknowledges that the Company put the earnings release “out of the market.” Please advise the Rule 13e-3 materials that will be disseminated to shareholders to include the interim financial information contained in the earning release. Refer to section H.9. of the July 2001 Interim Supplement to Publicly Available Telephone Interpretations. In addition, your response indicates that “the Company is forced to…obtain a different level of auditor review, as per Regulation S-X (Rules 210.8-03 and 210.10-01(d)).” Note that section H.9. states that, for a foreign private issuer, interim financial statements made publicly available would satisfy the quarterly financial requirement of Item 1010 of Regulation M-A. While the Company may choose to seek the aforementioned different level of auditor review prior to including the earnings release in the Rule 13e-3 materials that will be disseminated to shareholders, it is not required to do so.
In response to the Staff’s comment, the Preliminary Proxy Statement has been revised. Please refer to pages 77-79 of the Revised Proxy Statement.
Hogan Lovells
Securities and Exchange Commission
December 15, 2020
Page 3
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If you have any questions regarding the foregoing or wish to discuss any aspect of the proposed merger or the Company’s filing, please contact the undersigned by phone at
| Sincerely, |
| Hogan Lovells International LLP | |
| /s/ Don S. Williams | |
| Don S. Williams |
Hogan Lovells