Sino Clean Energy
Inc. SCEI ("Sino Clean Energy," or the "Company"), a leading
producer and distributor of coal-water slurry fuel ("CWSF") in China, today
announced that the Company received a letter from the NASDAQ Stock Market LLC
("NASDAQ") on August 7, 2012, which stated that the NASDAQ Staff has
determined to delist the Company's securities pursuant to its discretionary
authority under Listing Rule 5101. The Staff in its letter also alleges
violations by the Company of Listing Rule 5250(b)(1) and IM-5250-1, which sets
forth a listed company's obligation to make public disclosures, and Listing
Rule 5250(a), which sets forth a listed company's obligation to provide
information to NASDAQ.
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