Multi Ways Holdings Ltd

Multi Ways Holdings Ltd. supplies, rents and repairs heavy construction equipment. It supplies a wide variety of new and used heavy construction equipment to customers from Singapore, Australia, United Arab Emirates, Maldives, Indonesia and the Philippines. The company was founded on June 2, 2022 and is headquartered in Singapore.

SINGAPORE, April 10, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announces the sale of eight state-of-the-art SANY cranes from its recently expanded fleet to two customers. This sale is a strategic move following the Company's recent fleet renewal and expansion plans amidst improving industry conditions.

Multi Ways Holdings Announces the Sale of Premium SANY Cranes to Meet Growing Market Demand

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced its strategic plans for the procurement and renewal of its fleet. This announcement follows the Company's successful acquisition of new equipment in January 2024 and aims to strengthen its market position through an enhanced range of services.

Multi Ways Holdings Announces Fleet Expansion and Renewal Strategy Amid Positive Market Outlook

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announces first half 2023 unaudited financial results and provides corporate updates. Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways, commented, “In the first half of 2023, we navigated a challenging landscape marked by higher borrowing costs, intensified competition, and shifting buyer preferences.

Multi Ways Holdings Announces First Half 2023 Unaudited Financial Results, Provides Corporate Updates

NEW YORK, May 16, 2023 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today reported its audited results for the fiscal year ended December 31, 2022. Financial Highlights Revenues increased 15% to approximately $38.4 million Gross profit was approximately $9.7 million, with a 25.4% profit margin Net income of approximately $1 million Full Year 2022 Financial Results Total revenue increased by approximately $5 million or 15% to approximately $38.4 million for the fiscal year ended December 31, 2022 from approximately $33.4 million for the fiscal year ended December 31, 2021.

Multi Ways Holdings Limited Delivers Fiscal Year 2022 Revenue of $38.4 Million, Up 15% Year-over-Year, Driven by Greater Local Demand in Singapore

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NEW YORK, April 05, 2023 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced the closing of its initial public offering of 7,240,000 ordinary shares at a public offering price of $2.50 per share. Multi Ways offered 6,040,000 ordinary shares, and a certain selling shareholder offered 1,200,000 ordinary shares.

News for Multi Ways Holdings Ltd Stock (MWG)