Seven Group sells WesTrac China to Lei Shing Hong Machinery for $540M

Seven Group Holdings has agreed to sell its WesTrac China division to Lei Shing Hong Machinery for $540 million. The sale allows Seven Group to reallocate capital to Australia, including investment in the local WesTrac business.

“WesTrac's Chinese division will be sold to Lei Shing Hong Machinery for $540 million after parent company, Seven Group (SGH), secured a deal with the buyer.”australianmining.com.au

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• australianmining.com.auSeven Group offloads WesTrac in China for $540m - Australian MiningBen CreaghAug 22, 2017

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