SINGAPORE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE: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 the sale of 23 SANY cranes in the year ending December 31, 2024, generating revenue of SGD 8.9 million (US$6.6 million). The deal builds on Multi Ways' partnership with SANY, the Chinese engineering giant and world's third-largest machinery manufacturer. "This deal showcases our ability to deliver exactly what our clients need," said Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways. "We're seeing strong demand

NEW YORK, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE: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 2024 unaudited financial results and provides corporate updates. Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways, commented, "In the first half of 2024, we navigated a challenging landscape marked by constraint on the container supply, intensified competition, and shifting buyer preferences. Despite a marginal decrease in net revenue, it's noteworthy that our gross profit margin improved to 33.09%, demon

SINGAPORE, June 14, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE:MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced a breakthrough equipment leasing agreement with the Ministry of Defence of Singapore. The agreement, worth US$17.6 million, is for leasing advanced machinery and equipment tailored to meet the specific needs of Singapore's Ministry of Defence. The heavy construction equipment provided under this deal was selected for its cutting-edge technology and reliability, highlighting the versatility and quality of Multi Ways' fleet. Mr. Jam

SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE:MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced fiscal year 2023 financial results. "We are pleased to report on the strategic advancements Multi Ways Holdings Limited has achieved since our IPO a year ago," said Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways Holdings Limited. "Our recent acquisition of cutting-edge SANY equipment and the formation of strategic partnerships underscore our commitment to delivering superior solutions to our customers across

SINGAPORE, May 08, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE:MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region is pleased to announce its procurement contract to acquire 16 new crawler cranes, further strengthening its fleet, with deliveries expected throughout the remainder of 2024. Signing of the Procurement Contract Following the successful procurement and renewal strategy announced in February 2024, Multi Ways has entered into another purchase agreement with SANY International Development Limited, a globally renowned manufacturer of top-tier construct

SINGAPORE, April 16, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE:MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, is proud to announce a strategic partnership with the Papua New Guinea Forest Authority (PNGFA) by establishing a dedicated office within its Singapore headquarters. This initiative facilitates outreach to local and international investors, encouraging investment into Papua New Guinea (PNG) to foster economic growth and development. Commemorating the partnership (from left to right) is Mr. John Mosoro, Managing Director of PNGFA, the Honorable

SINGAPORE, April 10, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE: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. The sale encompasses eight units of the SANY Crawler Crane, amounting to approximately USD2.12 million. These cranes are celebrated for their superior performance, dependability, and cutting-edge feature

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE: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. As part of its commitment to excellence and customer satisfaction, Multi Ways Holdings Limited has entered into a significant purchase agreement with SANY International Development Limited, a

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE: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. Despite a decrease in net revenue, it's noteworthy that our gross profit margin improved to 29.8%, demonstrating our commitm

NEW YORK, May 16, 2023 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited ("Multi Ways" or the "Company") (NYSE: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 millionGross profit was approximately $9.7 million, with a 25.4% profit marginNet 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