December 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Sino Clean Energy, Inc. (SCEI – NASDAQ), a Chinese producer and distributor of coal-water slurry fuel, said it has priced a public offering of 5.465 million shares of its common stock at $5.25 per share. Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (RODM – NASDAQ), and Axiom Capital Management, Inc. acted as joint bookrunning managers.

The company has granted the underwriters a 45-day option to purchase up to an additional 819,750 shares to cover over-allotments, if any. The offering is scheduled to close on December 28.

Sino will receive aggregate net proceeds of around $25.6 million, which it plans to expand its CWSF production capacity at new and existing facilities throughout China, to pay the remainder of the purchase price under an agreement to purchase land use rights and a production factory in Dongguan, Guangdong Province and for working capital and general corporate purposes.

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