The Nasdaq Stock Market (NDAQ) announced that Sino Clean Energy Inc. (SCEI), which has been subject to a trading halt since May 21, 2012, will be suspended from the Nasdaq Stock Market effective September 25, 2012. As a result of the suspension, SinoTech may be eligible to resume trading in the over the counter market, Nasdaq said.
The suspension is the result of a final determination to delist the Company's shares issued by the Panel after a hearing on the matter. Nasdaq noted that it will file a Form 25 Notification of Delisting with the Securities Exchange Commission upon the expiration of applicable appeal periods.
by RTT Staff Writer
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