Multi Ways Holdings Announces the Sale of Premium SANY Cranes to Meet Growing Market Demand
10 4월 2024 - 8:00PM
Multi Ways Holdings Limited (“Multi Ways” or the “Company”) (NYSE
American: MWG), a leading supplier of a wide range of heavy
construction equipment for sales and rental in Singapore and the
surrounding region, today announces the sale of eight
state-of-the-art SANY cranes from its recently expanded fleet to
two customers. This sale is a strategic move following the
Company's recent fleet renewal and expansion plans amidst improving
industry conditions.
The sale encompasses eight units of the SANY
Crawler Crane, amounting to approximately USD2.12 million. These
cranes are celebrated for their superior performance,
dependability, and cutting-edge features, mirroring Multi Ways'
dedication to providing first-class equipment solutions to its
clientele.
This initiative aligns with the Company’s
strategic approach to continually refresh and enlarge its fleet,
catering to the rising demand for heavy construction equipment
within Singapore and the surrounding areas while ensuring it stays
ahead in the industry, ready to tackle more ambitious and complex
projects. Given the anticipated growth in the construction sector
and the commencement of several significant infrastructure
projects, Multi Ways is well-positioned to support its customers
and employees by adapting to market demands and expectations.
Mr. James Lim, Chairman and CEO of Multi Ways,
expressed his enthusiasm regarding the transactions, stating, "Our
decision to sell these top-of-the-line SANY cranes reflects our
confidence in the ongoing recovery and expansion of the
construction market. With our strategic fleet management, we are
adept at meeting our customers' changing needs and contributing to
the successful realization of their projects, thereby ensuring our
long-term success in a competitive environment."
About Multi Ways Holdings Limited
Multi Ways Holdings supplies a wide range of
heavy construction equipment for sales and rental in Singapore and
the surrounding region. With more than two decades of experience in
the sales and rental of heavy construction equipment business, the
Company is widely established as a reliable supplier of new and
used heavy construction equipment to customers from Singapore,
Australia, UAE, Maldives, Indonesia, and the Philippines. With our
wide variety of heavy construction equipment in our inventory and
complementary equipment refurbishment and cleaning services, Multi
Ways is well-positioned to serve customers as a one-stop shop. For
more information, visit www.multiwaysholdings.com.
Safe Harbor StatementThis press
release contains forward-looking statements. In addition, from time
to time, we or our representatives may make forward-looking
statements orally or in writing. We base these forward-looking
statements on our expectations and projections about future events,
which we derive from the information currently available to us.
Such forward-looking statements relate to future events or our
future performance, including: our financial performance and
projections; our growth in revenue and earnings; and our business
prospects and opportunities. You can identify forward-looking
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statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other factors
may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. The forward-looking events discussed in this press
release and other statements made from time to time by us or our
representatives, may not occur, and actual events and results may
differ materially and are subject to risks, uncertainties, and
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revise any forward-looking statement, whether as a result of
uncertainties and assumptions, the forward-looking events discussed
in this press release and other statements made from time to time
by us or our representatives might not occur.
Investor Relations
Contact: Matthew
Abenante,
IRCPresident Strategic
Investor Relations, LLC
Tel:
347-947-2093Email: matthew@strategic-ir.com
Multi Ways (AMEX:MWG)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Multi Ways (AMEX:MWG)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024