Welcome to our dedicated page for Linkers news (Ticker: LNKS), a resource for investors and traders seeking the latest updates and insights on Linkers stock.
Linkers Industries Limited (Nasdaq: LNKS) is a manufacturer and supplier of wire and cable harnesses with manufacturing operations in Malaysia and more than 20 years of experience in the wire and cable harnesses industry. Its customers are generally global brand name manufacturers and original equipment manufacturers (OEMs) in the home appliances, industrial products, and automotive industries, mainly based in the Asia Pacific region. The news flow around LNKS reflects both its operating activities and its status as a Nasdaq-listed company in the industrials and electrical equipment and parts space.
On this page, readers can find news items that describe Linkers Industries’ corporate developments, such as its initial public offering and subsequent listing of Class A ordinary shares on the Nasdaq Capital Market under the symbol "LNKS." Company announcements also cover strategic transactions, including the entry into and closing of a Share Sale and Purchase Agreement through its wholly owned subsidiary, Linkers Asia Pacific Limited, to acquire a 20 percent interest in LPW Electronics Co., Ltd., a Thailand-incorporated wire harness manufacturer.
News releases further discuss LPW’s production facility in Pathum Thani, Thailand and its customer portfolio of multinational corporations in the automotive and industrial sectors, which the company has indicated will help enlarge its existing customer base and expand its footprint in Thailand. Regulatory-related updates, such as Nasdaq minimum bid price deficiency letters and associated compliance periods, are also part of the company’s public news record.
Investors and observers can use this news page to review historical press releases on offerings, listing details, material definitive agreements, transaction closings, and Nasdaq compliance communications related to Linkers Industries Limited (LNKS).
Linkers Industries (LNKS), a Malaysian wire/cable harnesses manufacturer, has announced the pricing of its initial public offering of 1,900,000 Class A ordinary shares at $4.00 per share. Trading is set to commence on Nasdaq Capital Market on December 5, 2024.
The company plans to use the proceeds for strategic acquisitions, joint ventures within the wire/cable harnesses industry, equipment purchases, global marketing expansion (particularly in the U.S.), and working capital. Underwriters have a 45-day option to purchase an additional 285,000 shares at the offering price.
R. F. Lafferty & Co. serves as the lead underwriter, with Revere Securities as co-underwriter. The company specializes in customized wire harnesses for home appliances, industrial products, and automotive industries, primarily serving OEMs in the Asia Pacific region.