Fleet Expansion Meets Growing Demand in Construction and Logistics Sectors; Dealership Agreement Establishes New Sales Channel
SINGAPORE, Jan. 12, 2026 — Multi Ways Holdings Limited (“Multi Ways,” the “Company” or the “Issuer”) (NYSE American: MWG), a top provider of diverse heavy construction equipment for sale and rental in Singapore and the broader region, today revealed it has placed an order for 62 Sinotruk vehicles worth roughly S$8.24 million (US$6.4 million) and signed a Sinotruk dealership pact with Cycle & Carriage Ventures Pte Ltd (“Cycle & Carriage”), a subsidiary of Jardine Cycle & Carriage Limited.
The order includes 40 Sitrak G7 8×4 cement mixers and 22 Sitrak G7 8×4 tipper trucks, each fitted with HOWO automatic transmission systems. Deliveries are slated to begin within roughly three months of order confirmation, and each vehicle comes with a one-year warranty covering engine, gearbox, and axle parts. This purchase boosts Multi Ways’ fleet capacity to meet demand for heavy-duty commercial vehicles in the construction and logistics industries.
Alongside the equipment order, the Company has signed a one-year Sinotruk Dealership Agreement with Cycle & Carriage. Per the agreement, Multi Ways has been named a non-exclusive dealer permitted to sell and retail Sinotruk products in Singapore, including prime movers and rigid chassis configurations.
Mr. James Lim, Chairman and CEO of Multi Ways, commented, “This order represents a meaningful investment in our fleet and our ability to serve customers in Singapore’s construction and transportation industries. The addition of 62 new units strengthens our commercial vehicle portfolio, while the dealership arrangement with Cycle & Carriage opens a complementary sales channel, diversifying our revenue base. Together, these initiatives position us to capture opportunities across both equipment rental and direct vehicle sales.”
About Multi Ways Holdings Limited
Multi Ways Holdings offers a diverse array of heavy construction equipment for sale and rental in Singapore and the surrounding area. Boasting over two decades of experience in the sales and rental of heavy construction equipment, the Company is a well-established, trusted provider of new and used heavy construction equipment to clients from Singapore, Australia, the UAE, the Maldives, Indonesia, and the Philippines. With our extensive stock of heavy construction equipment and supplementary refurbishment and cleaning services, Multi Ways is ideally positioned to serve customers as a one-stop shop. For further details, 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:
