# 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.

- Type: Acquisition
- Announced: 2020-05-17
- Where: North East China, China
- Value: $428.0M
- Status: announced
- Products: Caterpillar machinery dealership
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Seven Group Holdings](https://endata.com/companies/9516.md)
- [WesTrac](https://endata.com/companies/21577.md) (target)
- [Lei Shing Hong Machinery](https://endata.com/companies/26440.md) (acquirer)

## Sources

- [miningdigital.com](https://miningdigital.com/automation-and-ai/seven-group-holdings-sells-chinese-mining-machinery-arm-lei-shing-hong-dollar428mn), 2020-05-17: "The sale of WesTrac China will allow us to reallocate capital into other opportunities in Australia, including investment in our WesTrac Australia business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.