Multi Ways Holdings Orders 21 New SANY Cranes Worth $5.4M To Expand Fleet
Benzinga Newsdesk 1 year ago
NewsPenny StocksContracts
Multi Ways Holdings Limited ("Multi Ways," the "Company" or the "Issuer") (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 it has placed additional new orders for 21 Sany cranes for approximately S$7.0 million (US$5.4 mi
Multi Ways Holdings Limited ("Multi Ways," the "Company" or the "Issuer") (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 it has placed additional new orders for 21 Sany cranes for approximately S$7.0 million (US$5.4 million). 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.