Linkers Industries Limited Announces Entry into a Material Definitive Agreement

Rhea-AI Summary

Linkers Industries (Nasdaq: LNKS) announced that on October 16, 2025 its wholly owned subsidiary, Linkers Asia Pacific Limited, entered a Share Purchase Agreement to buy 104,000 shares (20% equity) of LPW Electronics Co., Ltd. for THB 26,000,000.

LPW, incorporated March 2023 in Thailand, operates a production site in Pathum Thani with a three-level main building plus warehouse totaling ~6,500 square meters, completed February 2025. LPW serves multinational customers in automotive and industrial sectors, which the company says may expand Linkers’ Thailand footprint and customer base.

Positive

• 20% stake acquired in LPW (104,000 shares)
• Consideration of THB 26,000,000 for the equity purchase
• LPW production site totaling ~6,500 sqm completed Feb 2025
• Access to multinational automotive and industrial customers in Thailand

Negative

• Transaction is a related-party sale (seller is company chairman)
• Purchase price and strategic benefits include forward-looking expectations without guaranteed outcomes

Insights

M&A Governance Analyst

20% stake acquisition in Thai wire-harness maker expands regional footprint but is a related‑party deal requiring governance scrutiny.

The transaction shows Linkers Asia Pacific Limited acquiring 104,000 shares (a 20% stake) in LPW Electronics Co., Ltd. for THB 26,000,000, giving Linkers a direct equity position in a Thailand‑based manufacturer with a new Feb 2025 production facility and multinational customers in automotive and industrial sectors. The business mechanism is straightforward: the purchase adds manufacturing capacity and customer access in Thailand and formally injects cash into LPW while securing an ownership interest for the Company’s subsidiary.

Key dependencies and risks arise from the disclosed facts: the seller is the Company’s chairman, making this a related‑party transaction that hinges on proper independent review and fair pricing; integration and commercial benefit depend on LPW converting its facility and customer relationships into measurable revenue for the group; and capital deployed (THB 26,000,000) must be assessed against acquisition economics and alternative uses. Governance transparency and board approvals will materially affect perception and regulatory compliance.

Watch for concrete milestones and timelines: evidence of revenue contributions from LPW, any disclosed valuation metrics or independent fairness opinion, and formal board or shareholder disclosures of approvals. Expect material updates within the next 6–12 months as the facility operates and commercial contracts translate into financial results.

New York, Oct. 17, 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 entering into a material definitive agreement.

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 Linkers Industries (LNKS) announce on October 16, 2025?

Linkers Asia Pacific, a subsidiary of Linkers Industries, agreed to buy a 20% stake (104,000 shares) in LPW Electronics for THB 26,000,000.

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

The stated consideration for the 20% equity purchase in LPW was THB 26,000,000.

What assets does LPW Electronics have that affect Linkers (LNKS)?

LPW owns a Pathum Thani production site with a three-level main building and warehouse totaling ~6,500 square meters, completed February 2025.

When was LPW Electronics incorporated and what is its business (relevance to LNKS)?

LPW was incorporated in March 2023 and manufactures wire harnesses for automotive and industrial multinational customers in Thailand.

Does the LNKS acquisition involve any governance considerations investors should note?

Yes; the seller is the company chairman, creating a related-party nature that investors may review for governance disclosure.