Seven Group Holdings Limited
Seven Group Holdings Limited (SGH) is a significant Australian diversified operating and investment group. It has market leading businesses and investments with strong revenues and earnings and an attractive growth outlook. SGH shareholders have exposure to Seven’s media assets and exposure to an operating business of WesTrac Group which is leveraged to the mining and construction industries in some of the world’s fastest growing economies and is expected to generate significant growth.
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News
Asian Activities Report for October 17, 2011 includes: International Coal Limited (ASX:ICX) has expanded the drilling programme at its wholly owned South Blackall Project in Queensland; Avanco Resources Limited (ASX:AVB) reported excellent results from the Rio Verde Copper Project in Brazil; Cardia Bioplastics Limited (ASX:CNN) has received BioNexus Status in Malaysia; Mantle Mining Corporation Limited (ASX:MNM) has completed the first 4 holes of a 15 hole drill program at the Company's 100% owned Bacchus Marsh coal project in Victoria; Vocus Communications (ASX:VOC), a Seven Group Holdings (ASX:SVW) company, has secured a multi-year deal to provide IP Transit and Data Centre services to leading 4G wireless provider vividwireless.
Australian shares fell for a second straight session on Thursday as investors were disappointed with the US existing home sales data and not expecting any inspiring results from new home sales. The benchmark S&P/ASX200 index lost 72.2 points, or 1.6 per cent, to 4486.1 points, while the broader All Ordinaries index was off 71.9 points, or 1.6 per cent, at 4509.4.
Australian media mogul Kerry Stokes' Seven Group Holdings (ASX:SVW) confirmed it has applied for shares in Agricultural Bank of China's (AgBank) massive initial public offering (IPO) and expects a decision shortly. The maximum value applied for is US$250 million.
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