Multi Ways Holdings secured 6,453 square metres (69,460 square feet) of industrial space from JTC Corporation in Singapore, comprising a 3,450‑square‑metre lease for three years and a 3,003‑square‑metre lease for one year. The new facilities add yard and storage capacity that will support the company’s expanding inventory of heavy construction equipment.
The expansion is part of the company’s strategy to manage its growing equipment inventory, improve turnaround times, and position the company for sustained growth. The company said the new facilities will allow them to "manage our expanding equipment inventory better, improve turnaround times, and position the Company for sustained growth in the periods ahead."
The move comes amid mixed financial results: FY 2024 revenue fell 13.7 % and the company posted a net loss of $2.9 million, but the first half of 2025 saw an 88 % revenue increase, indicating a rebound in demand. The new space is intended to support operations as the company navigates fluctuating demand and financial performance.
JTC Corporation is Singapore’s premier industrial estate developer, offering prime locations and high‑quality infrastructure. Securing space from JTC provides Multi Ways with flexible lease terms and the ability to scale operations quickly, enhancing its competitive position in the infrastructure, building construction, mining, offshore and marine, and oil and gas sectors.
The company also recently completed a 1‑for‑10 reverse share split effective February 23 2026 to maintain its NYSE American listing, and has undertaken other strategic moves such as a registered direct offering in September 2025, a purchase of SANY cranes in October 2025, and a large order of Sinotruk vehicles in January 2026.
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