Macmahon Holdings Limited
(ASX:MAH) has sold its 25 per cent share of the Express Rail Link project in Hong Kong to Leighton Asia.
Macmahon chief executive officer Ross Carroll says the sale marks the end of Macmahon’s legacy construction projects, allowing the company to focus solely on its mining business.
Macmahon also confirmed that works at the Trangie Nevertire Irrigation Scheme project in New South Wales are scheduled to be completed in the first week of November 2013.
The group says the exit and completion of these two projects is not expected to have a material impact on its fiscal 2014 result.
Macmahon booked a net loss of $29.5 million in fiscal 2013.
