Multi Ways Holdings Ltd (MWG) News & EventsMWGMulti Ways Holdings Ltd

Multi Ways Holdings Secures Approximately 149,000 Square Feet of Industrial Space in Singapore

Multi Ways Holdings announced that it has secured approximately 149,000 square feet of additional industrial capacity in Singapore to accelerate its strategic expansion into hybrid and electric construction equipment. The expansion comprises approximately 69,460 square feet of newly leased industrial space secured during the first quarter of 2026, together with a separate dedicated warehouse and yard facility of over 80,000 square feet under a five-year lease commencing April 15. The combined capacity positions the company to scale its equipment fleet, support increased rental and sales activity, and rebalance operations toward higher-demand, energy-efficient equipment categories.

Multi Ways Holdings Approves 1-for-10 Reverse Split

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 Orders 62 Heavy Trucks Worth Approximately S$8.24 Million

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.