Multi Ways Holdings Limited
MWGMulti Ways Holdings Limited (MWG) is a diversified conglomerate involved in various sectors, including manufacturing, trading, and investment activities. The company focuses on exploring opportunities across different industries to expand its business portfolio and enhance shareholder value.
Company News
Multi Ways Holdings Limited has secured two new industrial spaces from JTC Corporation in Singapore, totaling approximately 6,453 square meters. The facilities include a 3,450-square-meter space under a three-year lease and a 3,003-square-meter space under a one-year lease. The expansion aims to strengthen the company's operational capacity to me...
U.S. stock futures declined slightly on Christmas Eve despite a strong Q3 GDP report showing 4.3% annualized growth. Major indices ended higher on Tuesday, with communication services, IT, and energy stocks leading gains. Several stocks gained attention: UiPath jumped 7% after joining the S&P Midcap 400, Citius Pharmaceuticals rose 8.65% on bette...
Multi Ways Holdings has ordered 21 SANY cranes for approximately $5.4 million, with most units already pre-ordered by customers in Singapore, strengthening their heavy construction equipment fleet and market position.
Spartan Capital Securities helped Multi Ways Holdings raise $1.485 million in a second tranche of a registered direct offering, bringing the total raised to $2.97 million through the sale of 9 million ordinary shares and accompanying warrants.
Multi Ways Holdings, a leading supplier of heavy construction equipment in Singapore, reported a marginal decrease in net revenue for the first half of 2024 due to supply chain disruptions and increased competition. However, the company's gross profit margin improved, and it saw a growing trend of buyers opting for rentals.
