Seven Group Holdings sells WesTrac China to Lei Shing Hong for $428M

Seven Group Holdings (SGH) has agreed to sell its Chinese mining machinery arm, WesTrac China, to Lei Shing Hong Machinery (LSHM) for A$540 million ($428 million). The deal is subject to Chinese government approval.

“The sale of WesTrac China will allow us to reallocate capital into other opportunities in Australia, including investment in our WesTrac Australia business.”miningdigital.com

• 1 source
• miningdigital.comSeven Group Holdings sells Chinese mining machinery arm to Lei Shing Hong for $428mn | Mining DigitalDale BentonMay 17, 2020

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