Multi Ways Holdings Limited Announces Closing of Initial Public Offering

NEW YORK, April 05, 2023 (GLOBE NEWSWIRE) — 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 announced the closing of its initial public offering of 7,240,000 ordinary shares at a public offering price of $2.50 per share. Multi Ways offered 6,040,000 ordinary shares, and a certain selling shareholder offered 1,200,000 ordinary shares. The Company’s ordinary shares began trading on the NYSE American on April 3, 2023, under the ticker symbol “MWG.” Spartan Capital Securities,…