Multi Ways Partners with Papua New Guinea Forest Authority to Promote Economic Growth
16 Aprile 2024 - 1:00PM
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, is proud to announce a strategic partnership
with the Papua New Guinea Forest Authority (PNGFA) by establishing
a dedicated office within its Singapore headquarters. This
initiative facilitates outreach to local and international
investors, encouraging investment into Papua New Guinea (PNG) to
foster economic growth and development.
Commemorating the partnership (from left to
right) is Mr. John Mosoro, Managing Director of PNGFA, the
Honorable Salio Waipo, Minister for Forests, Mr. James Lim,
Chairman and CEO of Multi Ways, and Mr. Nick Tan, Chief Operating
Officer (April 2024)
The PNGFA is an authority committed to the
sustainable management of PNG's forest resources and plays a
crucial role in promoting responsible forestry practices and
investment opportunities within the country. The new office will
serve as a hub for PNGFA to engage with investors, offering
insights into PNG's forestry sector, investment opportunities, and
the benefits of sustainable forest management.
Establishing the PNGFA office at Multi Ways'
headquarters signifies a groundbreaking effort to bridge
connections between PNG's rich forestry resources and potential
investors interested in contributing to sustainable economic
development. This collaboration aligns with Multi Ways' commitment
to environmental stewardship and economic positivity by showcasing
the vast economic potential of PNG's forestry sector to a global
audience while emphasizing sustainability, conservation, and the
economic upliftment of local communities.
Mr. James Lim, Chairman and CEO of Multi Ways,
commented, "We are honored to host the Papua New Guinea Forest
Authority within our Singapore headquarters. This collaboration not
only underlines our commitment to sustainable development but also
opens up new avenues for economic growth in PNG. We believe that by
connecting PNG with potential investors, we can contribute to a
prosperous future that benefits all stakeholders involved."
For further details about the Papua New Guinea
Forest Authority and its initiatives, please visit
https://www.pngfa.gov.pg.
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
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competitive environment of our business. These and other factors
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predictions. The forward-looking events discussed in this press
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revise any forward-looking statement, whether as a result of
uncertainties and assumptions, the forward-looking events discussed
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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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/844720e8-3580-4064-a319-4835dae5c922
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