Sino Clean Energy Inc. (SCEI) announced that it received a second letter from Nasdaq Stock Market LLC on August 21, 2012. The letter alleged violation by the Company of Listing Rule 5250(c)(1) as a result of delayed filing with the Securities and Exchange Commission of the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2012.
The company said it intends to present its views with respect to this additional deficiency at its Panel hearing on September 13, 2012. At the same time, pursuant to Listing Rule 5815(a)(1)(B), Sino Clean Energy also intends to submit a written request for a further stay, to be delivered to the Nasdaq Staff no later than August 28, 2012.
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