SHANGHAI, June 10 Chinese chemicals maker Lumena
Resources Corp said on Wednesday its chairman may participate in
a proposed bid for General Motors' GMGMQ.PK Hummer brand,
although the company itself would not be involved.
GM announced last week that Sichuan Tengzhong Heavy
Industrial Machinery, a little-known machine maker based in
southwest China, had signed an initial agreement to buy Hummer.
Lumena Resources, responding to media reports that Suo Lang
Duo Ji, its chairman and controlling shareholder, may have an
interest in Tengzhong's proposed purchase of Hummer, said any
participation by its chairman would be unrelated to the company's
"As confirmed by Mr Suolang, he would or might participate in
the proposed Hummer acquisition in his personal capacity
alongside Sichuan Tengzhong as a member of a consortium," the
company said in a statement.
It added that Suolang no longer held any legal or beneficial
interest in Tengzhong, although until May 2005 he held shares in
a company that at the time had an equity interest in Tengzhong.
Lumena Resources began marketing a Hong Kong IPO earlier this
week to raise up to $190 million, sources familiar with the
matter told Reuters. [ID:nHKG418091].
(Reporting by Fang Yan and Edmund Klamann)
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