Multi Ways Holdings provides heavy construction equipment through rentals and sales.

Our Group’s history began in 1988 when Mr. James Lim carried on the business of selling generators and air compressors under a sole proprietorship under the business name “Multi-Ways Equipment”. Multi Ways SG was incorporated in 2002 to take over the business carried on by Mr. James Lim under the sole proprietorship. Over the last two decades, we have become a supplier of a wide range of heavy construction equipment in Singapore and the region. In 1996, we expanded our fleet of heavy construction equipment to include road-building equipment and mining equipment. In 2012, we expanded into the crane trading business.

Our mission is to be an industry leader in the sales and rental of a wide range of heavy construction equipment in Singapore and the region, and as a one-stop shop offering complementary equipment refurbishment and cleaning services to our customers.

We pride ourselves in having a skilled team of technicians, mechanics, painters and panel-beaters who have relevant skills and expertise in the refurbishment of heavy construction equipment and troubleshooting and repair works, who have accumulated experience over the years. We have a team of 27 mechanics, 22 technicians and 6 painters and panel-beaters in our maintenance and servicing team, who are able to respond promptly to our customers’ requests, in terms of providing troubleshooting services, customization of equipment and refurbishment works.

Our customers are primarily in Singapore and Australia, although we do also serve customers in the Maldives, Indonesia, Thailand, Vietnam, the Philippines and the Middle East.

**Note: Revenue and net income are for the 12 months that ended June 30, 2022.

(Note: Multi Ways Holdings Ltd. upsized its micro-cap IPO at pricing – to 7.24 million shares – up from 6.4 million shares in the prospectus – and priced the IPO at the $2.50 mid-point of its $2.00-to-$3.00 price range – to raise $$18.1 million, the company announced on Monday, April 3, 2023. Multi Ways’ stock is expected to start trading late Monday morning, April 3, 2023, on the NASDAQ. At pricing, the company added 840,000 shares to sell a total of 6.04 million shares to raise $15.1 million in total IPO proceeds for the company. Multi Ways Holdings did NOT receive any proceeds from the sale of the selling stockholder’s shares. Background: Multi Ways Holdings filed its F-1 on Feb. 8, 2023, and set terms for its IPO: 6.4 million shares at $2.00 to $3.00 to raise $16.0 million. From the prospectus: “We are offering, on a firm commitment engagement basis, 5,200,000 Ordinary Shares. The Selling Shareholder (as defined and named herein) is offering an aggregate of 1,200,000 Ordinary Shares to the underwriter pursuant to this prospectus.”)