Shareholders Support Decision of Receiver of Sino Clean Energy to Take Control of the Chinese Operations
PR Newswire - Mon Jan 12, 8:09PM CST
Alain Peracca and the Group of shareholders who filed with the SEC a Schedule 13D for Sino Clean Energy (OTC: SCEI) are disappointed to learn that the previous Chairman and CEO of Sino Clean Energy, Mr. Baowen Ren, has refused to cooperate with the Court-appointed Receiver, Mr. Robert W. Seiden, Esq. and to uphold his fiduciary duty to protect the interests of all shareholders. It is very disappointing and disturbing that Mr. Ren, who previously had stated repeatedly to U.S. and Chinese shareholders that he had their best interests in mind, has refused to work with the Receiver to ensure such interests are protected.
U.S. Court-appointed Receiver for Sino Clean Energy Inc. (Nasdaq "SCEI"
PR Newswire - Sun Jan 11, 7:00PM CST
After exhausting nearly all avenues of cooperation with Chairman Baowen Ren, Robert W. Seiden, Esq., Court-Appointed Receiver ("Receiver"