<SEC-DOCUMENT>0001062993-16-011454.txt : 20161028
<SEC-HEADER>0001062993-16-011454.hdr.sgml : 20161028
<ACCEPTANCE-DATETIME>20160914151828
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001062993-16-011454
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20160914

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA BAK BATTERY INC
		CENTRAL INDEX KEY:			0001117171
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				880442833
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422
		BUSINESS PHONE:		(86)(411)6251-0619

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDINA COFFEE INC
		DATE OF NAME CHANGE:	20000626
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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   <TITLE>China BAK Battery, Inc. - Correspondence - Filed by newsfilecorp.com</TITLE>
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<BR>
<P align=right>September 14, 2016 </P>
<P align=justify>Michael Fay <BR>Division of Corporation Finance <BR>U.S.
Securities and Exchange Commission <BR>100 F Street, NE <BR>Washington, DC 20549
<BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left><B>Re:</B> </TD>
    <TD align=left width="90%"><B>China BAK Battery, Inc.</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%"><B>Form 10-K for the Fiscal Year Ended
      September 30, 2015</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%"><B>Filed January 13, 2016</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%"><B>Form 10-Q for the Quarterly Period Ended
      March 31, 2016</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%"><B>Filed May 16, 2016</B> </TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="90%"><B>File No. 001-32898</B> </TD></TR></TABLE>
<P align=justify>Dear Mr. Fay: </P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On behalf of China BAK Battery,
Inc. (the &#147;<I>Company</I>&#148;), I hereby submit the Company&#146;s responses to the
comments of the staff (the &#147;<I>Staff&#148;</I>) of the Securities and Exchange
Commission (the &#147;<I>Commission</I>&#148;), dated August 30, 2016 with respect to the
above-referenced Form 10-K for the fiscal year ended September 30, 2015 (the
&#147;<I>Form</I> <I>10-K</I>&#148;) and the Form 10-Q for the quarterly period ended
March 31, 2016 (the &#147;<I>Form</I> <I>10-Q</I>&#148;). </P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the convenience of the Staff,
a summary of the Staff&#146;s comments is included and is followed by the
corresponding response of the Company. References in this letter to &#147;we,&#148; &#147;us&#148;
and &#147;our&#148; refer to the Company, and &#147;you&#148; and &#147;your&#148; refer to the Staff, unless
the context indicates otherwise. </P>
<P align=justify><B><U>Form 10-K for the Fiscal Year Ended September 30,
2015</U></B></P>
<P align=justify><B><U>Financial Statements</U></B><B> </B></P>
<P align=justify><B><U>Note 1. Principal Activities, page F-7</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>1.</B> </TD>
    <TD>
      <P align=justify><B>We reference your response to comment 2 and note that
      you have not addressed the comment related to where you provided the
      disclosures required by ASC 805-10-50 and 805-20-50 for your acquisition
      of BAK Tianjin. Please provide us the required disclosures related to this
      acquisition. These disclosures should also be included in future
    filings.</B></P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify>Michael Fay <BR>September 14, 2016 <BR>Page 2 of 3 <BR></P>
<P align=justify><B>COMPANY RESPONSE: </B>BAK Tianjin is a wholly owned
subsidiary of BAK International. After the disposal of BAK International by the
Company on June 30, 2014 as a result of the foreclosure as disclosed in the Form
10-K and Form 10-Q, we no longer own any equity interest or have any controlling
power over BAK International and BAK Tianjin. </P>
<P align=justify>Upon disposal of BAK International, in order to implement our
strategy focusing on the development of high power lithium ion rechargeable
batteries, we reacquired most of the operating fixed assets, patents and
technologies of BAK Tianjin. This purchase included approximately 85% of
machinery and equipment of BAK Tianjin (in terms of book value), at an amount
equal to the value at disposal (that is, the book value at disposal). It should
be deemed as a purchase of assets instead of a business combination pursuant to
ASC 805-10-50 and 805-20-50. We reacquired the long-lived assets from BAK
Tianjin and such acquisition of assets did not constitute as &#147;input&#148; and
&#147;process&#148; as a business pursuant to ASC 805-10: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>After we acquired the machineries from BAK Tianjin, we
      needed to restructure and install our production lines in order to produce
      our own high power lithium ion using for electric vehicles rather than
      electric bicycles as those manufactured in BAK Tianjin; </P></TD></TR>
  <TR vAlign=top>
    <TD align=left>&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>Throughout 2014, BAK Tianjin terminated employment of
      most of their production and R&amp;D staff. For our own production, we
      recruited 45 employees or 18% of total employees of BAK Tianjin.
</P></TD></TR>
  <TR vAlign=top>
    <TD align=left>&#149; </TD>
    <TD align=left width="95%" >
      <P align=justify>After the disposal of BAK International, we needed to
      reestablish relationships with customers and renegotiate contract terms
      ourselves. As of September 30, 2015, about 24% of our customers were
      previous customers of BAK Tianjin. </P></TD></TR></TABLE>
<P align=justify><B><U>Note 20. Concentrations of Credit Risk, page
F-29</U></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>2.</B> </TD>
    <TD>
      <P align=justify><B>We reference your response to comment 6 and that BAK
      Tianjin is now your supplier. Please clarify for us your relationship with
      BAK Tianjin and how they are your supplier when you received most of their
      operating assets, including customers, employees, patents and
      technologies, as part of the acquisition disclosed on page 2. Please also
      explain to us how you have recorded transactions with BAK Tianjin after
    the acquisition.</B></P></TD></TR></TABLE>
<P align=justify><B>COMPANY RESPONSE: </B>After we acquired most of the
operating fixed assets from BAK Tianjin, BAK Tianjin no longer engaged in
production activities. BAK Tianjin still had inventory on hand of about $7.6
million as of June 30, 2014. For the fiscal year ended September 30, 2015,
Dalian BAK Power purchased batteries of approximately $10.5 million from BAK
Tianjin, of which: </P>
<TABLE
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cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>
      <P align=justify>&#149; </P></TD>
    <TD align=left width="95%" >
      <P align=justify>About $3.1 million were inventories (finished goods)
      previously produced by BAK Tianjin. We purchased these inventories from
      BAK Tianjin to fulfill orders from our customers. Our purchase cost of
      these inventories was the carrying amount of these items recorded on the
      books of BAK Tianjin. </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD align=left width="95%" >&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>&#149; </TD>
    <TD align=left width="95%" >About $7.4 million were batteries
      purchased by BAK Tianjin after June 2014 from other vendors. As
  </TD></TR></TABLE>
<P align=center>2 </P>
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<A name=page_3></A>
<P align=justify>Michael Fay <BR>September 14, 2016 <BR>Page 3 of 3 <BR></P>
<P style="MARGIN-LEFT: 5%" align=justify>Dalian BAK Power is a relatively new
company, which was incorporated in December 2013, certain vendors prefer to
directly trade with BAK Tianjin, a company with longer history of operations.
Prior to the commercial operation of our facilities in Dalian in July 2015,
Dalian BAK Power purchased these batteries from other vendors through BAK
Tianjin and repacked them in Dalian before they were sold to our customers. </P>
<P align=center>************************************************** </P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In connection with the
Company&#146;s response to the foregoing comments, the Company hereby acknowledges
that </P>
<UL style="TEXT-ALIGN: justify">
  <LI>
  <P>the Company is responsible for the adequacy and accuracy of the disclosure
  in the filing; </P>
  <LI>
  <P>Staff comments or changes to disclosure in response to Staff comments do
  not foreclose the Commission from taking any action with respect to the
  filing; and </P>
  <LI>
  <P>the Company may not assert Staff comments as a defense in any proceeding
  initiated by the Commission or any person under the federal securities laws of
  the United States. </P></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If you would like to
discuss any of our responses to the Staff&#146;s comments or if you would like to
discuss any other matters, please contact Qixiang Sun at (202)-663-8349, of
Pillsbury Winthrop Shaw Pittman LLP, our outside counsel. </P>
<TABLE
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cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Sincerely, </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">CHINA BAK BATTERY, INC. </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">By: <U>/s/ Wenwu Wang</U> </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Wenwu Wang </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Interim Chief Financial Officer
</TD></TR></TABLE>
<P align=center>3 </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
