Chemical manufacturer Lumena Resources Corp said that its chairman may participate in the deal to buy General Motors’ Hummer brand, Reuters reported. The company said Chairman Suolang Duoji might have an interest in joining the bid by Sichuan Tengzhong Heavy Industrial Machinery to buy the luxury SUV brand, but that any participation by would be unrelated to Lumena’s business. Last week, privately held Tengzhong signed a memorandum of understanding to buy Hummer from GM in a deal that surprised many industry observers. Lumena resources is currently planning an initial public offering in Hong Kong, in which it hopes to raise US$148 million.
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