11:22 AM EDT, 06/14/2024 (MT Newswires) -- Multi Ways ( MWG ) said Friday that it has signed a $17.6 million equipment leasing agreement with Singapore's Ministry of Defence.

Under the deal, Multi Ways ( MWG ) will lease heavy construction equipment known for its advanced technology and reliability to meet the ministry's requirements, the company said.

Shares of Multi Ways ( MWG ) rose more than 16% in recent trading.

Price: 0.37, Change: +0.05, Percent Change: +16.40