# EDGAR Filing Document

**Accession Number:** 0001941500
**File Stem:** 0001493152-23-010321
**Filing Date:** 2023-3
**Character Count:** 18450
**Document Hash:** c53220029ab038786cb4077f69883721
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-010321.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001493152-23-010321

**CONFORMED SUBMISSION TYPE**: F-1MEF

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Multi Ways Holdings Ltd
- **CENTRAL INDEX KEY:** 0001941500
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** F-1MEF
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-271037
- **FILM NUMBER:** 23788290

**BUSINESS ADDRESS:**
- **STREET 1:** 3E GUL CIRCLE
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 629633
- **BUSINESS PHONE:** 62875252

**MAIL ADDRESS:**
- **STREET 1:** 3E GUL CIRCLE
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 629633

**As filed with the Securities and Exchange Commission on March 31, 2023**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM F-1**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

 ****

**Multi Ways Holdings Limited**

**(Exact name of registrant as specified in its charter)**

**Not applicable**

**(Translation of registrant's name into English)**

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **3990** | **Not Applicable** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(Primary Standard Industrial**<br> **Classification Code Number)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

**3E Gul Circle**

**Singapore 629633**

**+65 6287 5252**

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)**

**Cogency Global Inc.**

**122 East 42<sup>nd</sup> Street, 18<sup>th</sup> Floor**

**New York, New York 10168**

**800-221-0102**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)**

***Copies to:***

---

| | |
|:---|:---|
| **William S. Rosenstadt, Esq.**<br> **Mengyi "Jason" Ye, Esq.**<br> **Yarona Yieh, Esq.**<br> **Ortoli Rosenstadt LLP**<br> **366 Madison Avenue**<br> **3rd Floor**<br> **New York, NY 10017<br> Telephone: (212) 588 0022** | **Benjamin Tan, Esq.**<br> **Sichenzia Ross Ference LLP**<br> **1185 Avenue of the Americas, 31<sup>st</sup> Floor,**<br> **New York, NY 11036**<br> **Telephone: (212) 930 9700** |

---

Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ (File No. 333-269641)

If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**The Registration Statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(b) promulgated under the Securities Act of 1933, as amended.**

**EXPLANATORY NOTE AND INCORPORATION BY REFERENCE**

This Registration Statement on Form F-1 (this "Registration Statement") is being filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, for the sole purpose of increasing the aggregate number of ordinary shares offered by Multi Ways Holdings Limited (the "Registrant") by 800,000 ordinary shares of the Registrant. The additional securities that are being registered for sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in the Calculation of Registration Fee table contained in the Registration Statement on Form F-1, as amended (File No. 333-269641) (the "Prior Registration Statement"), initially filed with the Securities and Exchange Commission (the "Commission") on February 8, 2023, which was declared effective by the Commission on March 30, 2023. The information set forth in the Prior Registration Statement and all exhibits thereto are hereby incorporated by reference in this filing.

The required opinion and consents are listed on an Exhibit Index attached hereto and filed herewith.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **EXHIBIT**<br> **NUMBER** | **EXHIBIT DESCRIPTION** |
| 5.1 | [Opinion of Conyers Dill & Pearman regarding the validity of securities being registered](ex5-1.htm) |
| 23.1 | [Consent of Onestop Assurance PAC](ex23-1.htm) |
| 23.2 | [Consent of Conyers Dill & Pearman (included in Exhibits 5.1)](ex5-1.htm) |
| 107 | [Filing Fee Table](ex107.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Singapore, on March 31, 2023.

---

| | |
|:---|:---|
| MULTI WAYS HOLDINGS LIMITED | MULTI WAYS HOLDINGS LIMITED |
| By: | */s/ Lim Eng Hock* |
| Name: | Lim Eng Hock |
| Title: | Executive Director, Chairman and Chief Executive Officer<br> (Principal Executive Officer) |
| By: | */s/ Lee Pei Pei* |
| Name: | Lee Pei Pei |
| Title: | Chief Financial Officer<br> (Principal Accounting and Financial Officer) |

---

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| Date: | March 31, 2023 | */s/ Lim Eng Hock* |
|  |  | Lim Eng Hock, Executive Director, Chairman and Chief Executive Officer (principal executive officer) |
| Date: | March 31, 2023 | */s/ Lee Pei Pei* |
|  |  | Lee Pei Pei, Chief Financial Officer (principal financial officer, its controller or principal accounting officer) |
| Date: | March 31, 2023 | */s/ Lee Noi Geck* |
|  |  | Lee Noi Geck, Executive Director and Chief Administration Officer |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT**

Pursuant to the Securities Act, the undersigned, the duly authorized representative in the United States of America, has signed this registration statement or amendment thereto in New York, New York, United States of America on March 31, 2023.

---

| | |
|:---|:---|
| **COGENCY GLOBAL INC.** | **COGENCY GLOBAL INC.** |
| By: | */s/ Colleen A. De Vries* |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice-President on behalf of Cogency Global Inc. |

---

## Exhibit 5.1

**Exhibit 5.1**

---

| | |
|:---|:---|
|  | CONYERS DILL & PEARMAN |
|  | 29<sup>th</sup> Floor |
|  | One Exchange Square |
| CONYERS | 8 Connaught Place Central |
|  | Hong Kong |
|  | T +8S2 2524 7106 I F +852 2845 9268 |
|  | conyers.com |

---

31 March 2023

Matter No. 836205/108938502

852 2842 9530

Richard.Hall@conyers.com

**Multi Ways Holdings Limited**

3E Gui Circle

Singapore

629633

Dear Sir/Madam,

**Re: Multi Ways Holdings Limited (the "Company")**

We have acted as special Cayman Islands legal counsel to the Company in connection with a registration statement on Form F-1 (the **"Additional Registration Statement",** which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended (the**"Securities Act")** by the Company with the U.S. Securities and Exchange Commission (the **"Commission")** on 31 March 2023, which is related to, and incorporates by reference, the Company's registration statement on Form F-1 (File No. 333-269641), initially filed on February 8, 2023, as amended (the**"Registration Statement",** which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) relating to the registration under the Securities Act of ordinary shares par value US$0.00025 each (the **"Ordinary Shares")** of the Company.

The Additional Registration Statement relates to the registration of the proposed offer and sale of 800,000 Ordinary Shares (the**"Additional Shares")** in addition to the Ordinary Shares registered in the Registration Statement.

**1.** **DOCUMENTS REVIEWED** 

For the purposes of giving this opinion, we have examined a copy of the Additional Registration Statement and the Registration Statement.

We have also reviewed copies of:

1.1. the
 amended and restated memorandum and articles of association of the Company certified by the
 secretary of the Company on 31 March 2023 (the **"Listing M&As");** 

1.2. unanimous
 written resolutions of the directors of the Company dated 13 January 2023, 27 January 2023
 and 31 March 2023 and unanimous written resolutions of the members of the Company dated 13
 January 2023, 27 January 2023 and 31 March 2023 (collectively, the **"Resolutions");** 

Partners: Piers J. Alexander. Christopher W. H. Bickley, Peter H. Y. Ch'ng, Anna W. T. Chong, Angie Y. Y. Chu, V1v1en C. 5. Fung, Richard J. Hall. Norman Hau. Wynne Lau, Paul M. L. Lim. Anna W. X. Lin. Teresa F. Tsai, Flora K. Y. Wong, Lilian S. C. Woo. l-1a1k P. Yeadon

Consultant: David M. Lamb

BERMUDA I BRITISH VIRGIN ISLANDS I CAYMAN ISLANDS

1.3. a
 Certificate of Good Standing issued by the Registrar of Companies in relation to the Company
 on 30 March 2023 (the **"Certificate Date");** 

1.4. the
 register of members of the Company certified by the secretary of the Company on 31 March
 2023; and

1.5. such
 other documents and made such enquiries as to questions of law as we have deemed necessary
 in order to render the opinion set forth below.

**2.** **ASSUMPTIONS** 

We have assumed:

2.1. the
 genuineness and authenticity of all signatures and the conformity to the originals of all
 copies (whether or not certified) examined by us and the authenticity and completeness of
 the originals from which such copies were taken;

2.2. that
 where a document has been examined by us in draft form, it will be or has been executed and/or
 filed in the form of that draft, and where a number of drafts of a document have been examined
 by us all changes thereto have been marked or otherwise drawn to our attention;

2.3. the
 accuracy and completeness of all factual representations made in the Additional Registration
 Statement and the Registration Statement and other documents reviewed by us;

2.4. that
 the Resolutions were passed at one or more duly convened, constituted and quorate meetings
 or by unanimous written resolutions, will remain in full force and effect and will not be
 rescinded or amended;

2.5. that
 there is no provision of the law of any jurisdiction, other than the Cayman Islands, which
 would have any implication in relation to the opinions expressed herein;

2.6. that
 upon issue of any Ordinary Shares to be sold by the Company, the Company will receive consideration
 for the full issue price thereof which shall be equal to at least the par value thereof;
 and

2.7. the
 validity and binding effect under the laws of the United States of America of the Additional
 Registration Statement and the Registration Statement and that the Additional Registration
 Statement and the Registration Statement will be duly filed with the Commission.

**3.** **QUALIFICATIONS** 

We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than the Cayman Islands. This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands.

**4.** **OPINION** 

On the basis of and subject to the foregoing, we are of the opinion that:

4.1. The
 Company is duly incorporated and existing under the laws of the Cayman Islands and, based
 on the Certificate of Good Standing, is in good standing as at the Certificate Date. Pursuant
 to the Companies Act (the **"Act"),** a company is deemed to be in good standing
 if all fees and penalties under the Act have been paid and the Registrar of Companies has
 no knowledge that the Company is in default under the Act.

conyers.com \| 2

4.2. Based
 solely on our review of the memorandum of association of the Company certified by the secretary
 of the Company on 31 March 2023, the Company has an authorised share capital of US$100,000
 divided into 400,000,000 Ordinary Shares.

**4.3.** The
 Company has taken all corporate action required to authorise the allotment and issue of the
 Additional Shares. When issued and paid for as contemplated by the Additional Registration
 Statement, the Additional Shares will be validly issued, fully paid and non-assessable (which
 term when used herein means that no further sums are required to be paid by the holders thereof
 in connection with the issue of such shares).

**4.4.** Based
 solely on our review of the register of members of the Company certified by the secretary
 of the Company on 31 March 2023, as at 31 March 2023, MWE Investments Limited and Precious
 Choice Global Limited was the registered holder of 23,584,800 Ordinary Shares and 1,215,200
 Ordinary Shares, respectively, and such Ordinary Shares are validly issued, fully paid and
 non-assessable (which term when used herein means that no further sums are required to be
 paid by the holders thereof in connection with the issue of such shares).

We hereby consent to the filing of this opinion as an exhibit to the Additional Registration Statement and to the references to our firm under the captions "Enforcement of Civil Liabilities" and "Legal Matters" in the prospectus forming a part of the Registration Statement. In giving this consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder.

---

| |
|:---|
| Yours faithfully, |
| */s/ Conyers Dill & Pearman* |
| **Conyers Dill & Pearman** |

---

 ****

conyers.com \| 3

 ****

## Exhibit 23.1

**Exhibit 23.1**

![](ex23-1_001.jpg)

## Ex-Filing

**Exhibit 107**

**Calculation of Filing Fee Tables**

(Form Type)

Multi Ways Holdings Limited

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered and Carry Forward Securities</u>

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Security Type** | **Fee Calculation or Carry Forward Rule** | **Amount Registered** | **Proposed Maximum Offering Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** | **Carry Forward Form Type** | **Carry Forward File Number** | **Carry Forward Initial effective date** | **Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward** |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to Be <br> Paid | Equity Ordinary shares, US$0.00025 par value0 per share <sup>(1)</sup> | 457(o)<sup>(2)</sup> | 800000<sup>(3)</sup> | $3.00 | $2400000 | $0.00011020 | $264.48 |  |  |  |  |
| Fees <br> Previously <br> Paid |  |  |  |  |  |  |  |  |  |  |  |
| **Carry Forward Securities** |  |  |  |  |  |  |  |  |  |  |  |
| Carry <br> Forward <br> Securities |  |  |  |  |  |  |  |  |  |  |  |
|  | **Total Offering Amounts** | **Total Offering Amounts** |  |  | $2400000 |  |  |  |  |  |  |
|  | **Total Fees Previously Paid** | **Total Fees Previously Paid** |  |  | $0 |  |  |  |  |  |  |
|  | **Total Fee Offsets** | **Total Fee Offsets** |  |  | $0 |  |  |  |  |  |  |
|  | **Net Fee Due** | **Net Fee Due** |  |  | $264.48 |  |  |  |  |  |  |

---

(1) Ordinary
 shares registered hereby have been registered under a separate registration statement on Form F-1 (Registration No. 333-269641) (the
 "Prior Registration Statement"), which was declared effective on March 30, 2023.

(2) The
 registration fee for securities is based on an estimate of the Proposed Maximum Aggregate Offering Price of the securities, assuming
 the sale of the ordinary shares at the expected offering price, and such estimate is solely for the purpose of calculating the registration
 fee pursuant to Rule 457(o). In accordance with Rule 416(a), the Registrant is also registering an indeterminate number of additional
 ordinary shares that shall be issuable pursuant to Rule 416 to prevent dilution resulting from share splits, share dividends or similar
 transactions.

(3) Represents
 only the additional number of ordinary shares being registered. This does not include the securities that the Registrant previously
 registered on the Prior Registration Statement.