Multi Ways Holdings Acquires 21 SANY Cranes in $5.4 Million Deal
SINGAPORE, Oct. 27, 2025 – Multi Ways Holdings Limited (“Multi Ways,” the “Company” or the “Issuer”) (NYSE American: MWG), a prominent provider of diverse heavy construction equipment for sale and rental across Singapore and its neighboring areas, today announced the placement of new orders for 21 Sany cranes, valued at approximately S$7.0 million (US$5.4 million). A significant portion of these orders has already been secured with customers in Singapore.
This transaction further strengthens Multi Ways’ established collaboration with SANY, the prominent Chinese engineering corporation and the globe’s third-largest heavy equipment producer. This deliberate purchase is set to considerably expand Multi Ways’ equipment inventory, empowering the Company to address the increasing need for heavy construction machinery throughout the region.
Mr. James Lim, Multi Ways’ Chairman and CEO, commented on the acquisition, stating, “We are delighted to reinforce our alliance with SANY through this substantial order. The integration of these 21 new cranes into our operational fleet directly addresses the vigorous demand observed within the Singaporean construction sector and the wider geographical area. The fact that most of these new machines are already subject to pre-orders highlights our customers’ trust in our capacity to supply superior equipment for their essential infrastructure undertakings. This capital expenditure not only reinforces our competitive standing but also guarantees our ongoing provision of the outstanding service and dependability our clientele anticipates.”
The acquisition of these SANY cranes exemplifies Multi Ways Holdings’ sustained dedication to achieving operational distinction, ensuring client contentment, and pursuing strategic expansion. The Company maintains its emphasis on delivering inventive solutions and premium-grade equipment to bolster the construction and infrastructure advancements across the region.
About Multi Ways Holdings Limited
Multi Ways Holdings provides a comprehensive selection of heavy construction equipment for both sale and rental in Singapore and neighboring territories. Leveraging more than two decades of experience in the heavy construction equipment sales and rental sector, the Company has cultivated a strong reputation as a dependable vendor of both new and pre-owned machinery for clients spanning Singapore, Australia, the UAE, the Maldives, Indonesia, and the Philippines. Through its extensive inventory of heavy construction equipment, complemented by refurbishment and cleaning services, Multi Ways is optimally structured to function as a singular solution provider for its clientele. For further details, please visit .
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Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Phone: 347-947-2093
Email:
Tan Cheon Kem
Financial Controller
Multi Ways Holdings Limited
Phone: +65 6287 5252 (ext 202)
Email:
