Linkers Industries Limited Announces Closing of the Transaction with LPW Electronics Co., Ltd.

Rhea-AI Summary

Linkers Industries (Nasdaq: LNKS) announced on October 31, 2025 the closing of a transaction in which its wholly owned subsidiary, Linkers Asia Pacific, purchased 104,000 shares (20%) of LPW Electronics Co., Ltd. for THB 26,000,000.

LPW, incorporated in March 2023, owns ~8,000 sqm of land in Pathum Thani and a production site completed by February 2025 comprising a three-level main building plus a 6,500 sqm warehouse. LPW supplies multinational customers in Thailand’s automotive and industrial sectors, which the company says will expand Linkers’ customer base and footprint in Thailand.

Positive

• 20% stake acquired in LPW for THB 26,000,000
• Production facility completed Feb 2025 with ~6,500 sqm warehouse
• Access to multinational customers in Thailand automotive and industrial sectors

Negative

• Related-party sale — shares purchased from the company chairman
• Minority 20% holding limits operational control over LPW

Insights

Corporate Finance Analyst

Acquired a 20% stake in LPW for THB 26,000,000; expands Linkers' Thai manufacturing footprint.

Linkers Industries Limited completed a purchase by its wholly owned subsidiary, Linkers Asia Pacific Limited, of 20% of LPW Electronics Co., Ltd. for THB 26,000,000. LPW owns ~8,000 sqm of land in Pathum Thani and a production site completed by February 2025, including ~6,500 sqm of buildings and warehouse. The disclosed customer base comprises multinational firms in Thailand in the automotive and industrial sectors, which the company says will enlarge its customer base.

The deal is a minority equity purchase from the company chairman, creating a related‑party disclosure that will influence governance and reporting. Key operational dependencies are the newly completed facility and LPW’s existing customer relationships. Risks include integration of customers and operations and any governance scrutiny tied to the seller being a director.

Watch for near‑term updates on revenue contribution and customer contracts from LPW, any related‑party transaction disclosures, and consolidated financial impacts in the next reporting cycle. Relevant time markers from the announcement are the land acquisition in November 2023 and facility completion in February 2025.

New York, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Linkers Industries Limited (Nasdaq: LNKS) (the “Company”), a manufacturer and a supplier of wire/cable harnesses with operation in Malaysia, today announced closing of the transaction with LPW Electronics Co., Ltd.

On October 16, 2025, Linkers Asia Pacific Limited (“Linkers Asia”), a wholly owned subsidiary of Linkers Industries Limited (the “Company”) entered into a Share Sale and Purchase Agreement (“SPA”), with Mr. Man Tak Lau, the chairman of the board of directors of the Company, for the purchase of 104,000 shares, or twenty (20) percent of the outstanding shares, of LPW Electronics Co., Ltd. (“LPW”). The consideration of the transaction is THB 26,000,000 (Twenty Six Million Thai Baht).

LPW is a limited liability company incorporated in Thailand in March 2023 and its principal business is the manufacturing of wire harnesses. In November 2023, LPW acquired approximately 8,000 square meters land in Pathum Thani, Thailand and completed the construction of a production facility by February 2025. The site includes a three-level main building and a dedicated warehouse totaling approximately 6,500 square meters, designed to support current operations and future expansion.

Its customer portfolio comprises multinational corporations with operations in Thailand mainly in the automotive and industrial sectors which will help to enlarge the existing customer base of the Company and offer a valuable opportunity to expand our footprint in Thailand.

About Linkers Industries Limited

Linkers Industries Limited is a manufacturer and a supplier of wire/cable harnesses with manufacturing operations in Malaysia and have more than 20 years’ experience in the wire/cable harnesses industry. The Company offers customized wire harness for different applications and electrics designs. Our customers are generally global brand name manufacturers and original equipment manufacturers (“OEMs”) in the home appliances, industrial products and automotive industries that are mainly based in the Asia Pacific Region.

FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations, including the trading of its Ordinary Shares or the closing of the Offering. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

Contacts

Linkers Industries Limited Investor Relations Contact:

Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A,
Kawasan Perusahaan MIEL Sungai Lalang,
08000 Sungai Petani, Kedah Darul Aman, Malaysia
Tel : +60 4 4417802
Email: linkers.ir@linkers-hk.com

FAQ

What did LNKS announce on October 31, 2025 regarding LPW Electronics?

Linkers announced that its subsidiary purchased 104,000 shares (20%) of LPW for THB 26,000,000 and closed the transaction on October 31, 2025.

How much did Linkers (LNKS) pay for the 20% stake in LPW?

The company paid THB 26,000,000 for the 20% equity interest in LPW.

What facilities did LPW have when LNKS bought the stake?

LPW owns ~8,000 sqm of land in Pathum Thani and a production site completed by Feb 2025 with a three-level building and a 6,500 sqm warehouse.

Will the LPW deal expand Linkers’ customer base in Thailand (LNKS)?

Yes; LPW’s customer portfolio includes multinational OEMs in Thailand’s automotive and industrial sectors, which the company expects will enlarge Linkers’ customer base.

Who sold the LPW shares to Linkers Asia Pacific in the LNKS transaction?

The shares were purchased from Mr. Man Tak Lau, the chairman of Linkers’ board of directors.