MWG News & Events

Multi Ways Holdings approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a one-for-ten basis. The company's Class A Ordinary Shares will begin trading on the NYSE American on a post-split basis on February 23 under the symbol "MWG" under a new CUSIP number - G6362F116. The reverse split will result in a proportional increase in par value from $0.00025 per share to $0.0025 per share and an adjustment of the company's authorized share capital to $2.5M divided into 800M Class A ordinary shares with a par value of $0.0025 each, 100M Class B ordinary shares with a par value of $0.0025 each and 1B preferred shares with a par value of $0.00025 each. After giving effect to the Reverse Share Split, the company expects to have approximately 4,142,000 Class A ordinary shares and 1M Class B ordinary shares issued and outstanding. The Reverse Share Split is intended to increase the market price per share of the company's Class A ordinary shares to allow the company to maintain its NYSE American listing.

Multi Ways Holdings announced that it has placed an order for 62 Sinotruk vehicles valued at approximately S$8.24 million and entered into a Sinotruk dealership agreement with Cycle & Carriage Ventures, a subsidiary of Jardine Cycle & Carriage. The order comprises 40 Sitrak G7 8x4 cement mixers and 22 Sitrak G7 8x4 tipper trucks, each equipped with HOWO automatic transmission systems. Delivery is expected within approximately three months of order confirmation, with vehicles carrying a one-year warranty on engine, gearbox, and axle components. The acquisition expands Multi Ways' fleet capacity to address demand for heavy-duty commercial vehicles in the construction and logistics sectors.

Multi Ways announces it has placed additional new orders for 21 Sany cranes for approximately $5.4M. The majority of these orders are already confirmed with customers in Singapore. This deal builds on Multi Ways' existing partnership with SANY, the Chinese engineering giant and the world's third-largest heavy equipment manufacturer. This strategic acquisition will significantly enhance Multi Ways' fleet, enabling the Company to meet the growing demand for heavy construction equipment in the region.

Multi Ways announced that it has entered into an exclusive dealership agreement with Shandong Shantui Construction Machinery Import & Export, a global leader in bulldozer manufacturing. Under the terms of the Agreement, Multi Ways will serve as the exclusive dealer for all Shantui earthmover equipment in Singapore from June 1, 2025, to May 31, 2026. As part of this Agreement, Multi Ways has already ordered two Shantui bulldozers, which are projected to arrive in Singapore in June 2025. Notably, one of these bulldozers features an advanced remote control function, marking the first such technology of its kind to be introduced in the Singapore market.