Sino Clean Energy Inc fka SCEIQ

[mikembte2005]

New 8-K out for SINO

On July 11, 2011, Sino Clean Energy, Inc. (the "Company") entered into an Equity Acquisition Agreement (the "Agreement") to purchase 100% of the outstanding equity interest in Crown Energy Limited ("Crown Energy") from Mr. Zhongrui Deng, the sole stockholder. Crown Energy owns 60% of the equity interest in Nanhai Clean Energy Fuel Co., Ltd., a company primarily engaged in the production and sale of clean energy coal-water slurry fuel.

Pursuant to the terms of the Agreement, the Company will engage a valuation expert chosen by the parties to appraise the value of Crown Energy's assets. The parties will then determine the purchase price of the equity interest and determine the payment terms, with all such terms to be memorialized in a supplemental agreement. The Agreement also provides that the current management of Crown Energyand its board of directors will be reappointed after the consummation of the acquisition.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

10.1 Crown Energy Limited Equity Acquisition Agreement between Sino
Clean Energy, Inc. and Zhongrui Deng.