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Linkers Industries (Nasdaq: LNKS) to raise LPW Electronics stake to 49% in cash deal

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Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Linkers Industries Limited has entered into a material definitive agreement to expand its stake in Thailand-based LPW Electronics Co., Ltd. On June 17, 2026, its wholly owned subsidiary agreed to buy 150,800 LPW shares, representing 29% of LPW’s outstanding shares, from the Company’s chairman, Mr. Man Tak Lau, for approximately US$2,350,000.

In addition, outstanding amounts owed by LPW to an associate, totaling about US$6,160,000, will be settled in cash upon closing. Linkers currently holds 20% of LPW’s equity and will increase this to up to 49% after the transaction closes on or around June 17, 2026. LPW manufactures wire harnesses in Thailand, operating a three-level factory and dedicated warehouse of around 6,500 square meters on roughly 8,000 square meters of land, serving multinational automotive and industrial customers, which the Company expects will broaden its customer base and footprint in Thailand.

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Insights

Linkers is increasing its LPW stake to 49% via a related-party cash deal.

The Company, through its subsidiary, agreed to acquire an additional 29% of LPW for about US$2,350,000, while LPW’s outstanding amounts of roughly US$6,160,000 owed to an associate will be settled in cash at closing. This moves Linkers’ interest from 20% to up to 49%, giving it significant influence over LPW without full control.

The seller is the Company’s chairman, Mr. Man Tak Lau, which makes this a related-party transaction and typically attracts heightened governance and fairness scrutiny. LPW’s operations in Thailand include a factory and warehouse totaling around 6,500 square meters on about 8,000 square meters of land, serving multinational automotive and industrial customers.

The Company highlights that LPW’s customer base in Thailand is expected to help enlarge its own customer portfolio and expand its geographic footprint. Actual benefits will depend on successful integration and LPW’s performance, and the forward-looking statement language underscores execution and market risks identified in the Company’s Form 20-F and subsequent SEC filings.

Share purchase consideration US$2,350,000 Approximate cash consideration for 150,800 LPW shares (29%)
LPW outstanding amounts to associate US$6,160,000 Outstanding amounts owed by LPW to an associate to be settled in cash at closing
LPW shares acquired 150,800 shares Represents 29% of LPW’s outstanding shares to be purchased from the chairman
Pre-transaction LPW ownership 20% Equity interest in LPW held by Linkers prior to the transaction
Post-transaction LPW ownership 49% Equity interest in LPW Linkers will own upon closing of the transaction
LPW factory building size 6,500 square meters Approximate area of LPW’s three-level factory and dedicated warehouse in Thailand
LPW land size 8,000 square meters Approximate land area in Pathum Thani, Thailand, on which LPW’s facilities stand
LPW incorporation date March 2023 Month and year LPW Electronics Co., Ltd. was incorporated in Thailand
material definitive agreement regulatory
"Linkers Industries Limited Announces Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
forward-looking statements regulatory
"Certain statements in this announcement are forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
multinational corporations financial
"Its customer portfolio comprises multinational corporations with operations in Thailand mainly in the automotive and industrial sectors"
wire/cable harnesses technical
"a manufacturer and a supplier of wire/cable harnesses with operation in Malaysia"
equity interests financial
"Immediately prior to the closing of the Transaction, the Company currently owns 20% of the equity interests in LPW."
Equity interests are an ownership stake in a company—usually represented by shares or membership units—that give the holder a claim on the business’s profits, assets and sometimes voting power. Think of it as owning one or more slices of a company’s pie: the bigger your slice, the larger your share of dividends, capital gains and influence, and the more you are affected by dilution or company losses. Investors use equity interests to measure value, control and potential returns.
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-41999

 

Linkers Industries Limited 

(Registrant’s Name)

 

Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A, Kawasan Perusahaan MIEL

Sungai Lalang, 08000 Sungai Petani, Kedah Darul Aman, Malaysia

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F ☐

 

 

 

 

 

Entry into a Material Definitive Agreement

  

On June 17, 2026, Linkers Industries Limited, a business company incorporated under the laws of the British Virgin Islands (the “Company”), through its wholly-owned subsidiary, Linkers Asia Pacific Limited, entered into a sales and purchase agreement (the “Sale and Purchase Agreement”) with Mr. Man Tak Lau (“Mr. Lau”), the chairman of the board of directors of the Company, pursuant to which Linkers Asia Pacific Limited conditionally agreed to purchase, and Mr. Lau, conditionally agreed to sell, 150,800 shares, or twenty nine (29) percent of the outstanding shares, of LPW Electronics Co., Ltd. (“LPW”), the consideration is approximately US$2,350,000. Meanwhile, all outstanding amounts owed by LPW to an associate, totaling approximately US$6,160,000, together with the foregoing, shall be settled in cash upon closing (the “Transaction”). Immediately prior to the closing of the Transaction, the Company currently owns 20% of the equity interests in LPW. Upon closing of the Transaction, the Company will own up to 49% of the equity interests in LPW. Closing of the expected is on and around June 17, 2026.

 

LPW is a limited liability company incorporated in Thailand in March 2023 and its principal business is the manufacturing of wire harnesses in Thailand. LPW owns a three-level factory building and a dedicated warehouse of around 6,500 square meters erected on approximately 8,000 square meters of land in Pathum Thani, Thailand. 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.

 

The Company also announced the Sale and Purchase Agreement through a press release dated June 17, 2026, a copy of which is being filed as Exhibit 99.1 to this Form 6-K.

 

Financial Statements and Exhibits

  

The following exhibits are being filed herewith :

 

Exhibit
Number
  Description
10.1   Sale and Purchase Agreement, dated as of June 17, 2026, by and between Linkers Asia Pacific Limited and Mr. Lau.
99.1   Press Release dated June 17, 2026

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Linkers Industries Limited
     
Date: June 17, 2026 By: /s/ Wai Kee Kan
  Name:  Wai Kee Kan
  Title: Director and Chief Executive Officer

 

2

Exhibit 99.1

 

June 17, 2026

 

Linkers Industries Limited Announces Entry into a Material Definitive Agreement

 

New York, June 17, 2026 (GLOBE NEWSWIRE) -- Linkers Industries Limited (Nasdaq: LNKS) (“Linkers” or the “Company”), a manufacturer and a supplier of wire/cable harnesses with operation in Malaysia, today announced entering into a material definitive agreement.

 

On June 17, 2026, Linkers Industries Limited, a business company incorporated under the laws of the British Virgin Islands, through its wholly-owned subsidiary, Linkers Asia Pacific Limited, entered into a sales and purchase agreement (the “Sale and Purchase Agreement”) with Mr. Man Tak Lau (“Mr. Lau”), the chairman of the board of directors of the Company, pursuant to which Linkers Asia Pacific Limited conditionally agreed to purchase, and Mr. Lau, conditionally agreed to sell, 150,800 shares, or twenty nine (29) percent of the outstanding shares, of LPW Electronics Co., Ltd. (“LPW”), the consideration is approximately US$2,350,000. Meanwhile, all outstanding amounts owed by LPW to an associate, totaling approximately US$6,160,000, together with the foregoing, shall be settled in cash upon closing (the “Transaction”). Immediately prior to the closing of the Transaction, the Company currently owns 20% of the equity interests in LPW. Upon closing of the Transaction, the Company will own up to 49% of the equity interests in LPW. Closing of the expected is on and around June 17, 2026.

 

LPW is a limited liability company incorporated in Thailand in March 2023 and its principal business is the manufacturing of wire harnesses in Thailand. LPW owns a three-level factory building and a dedicated warehouse of around 6,500 square meters erected on approximately 8,000 square meters of land in Pathum Thani, Thailand. 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 supplier of wire/cable harnesses with manufacturing operations in Malaysia and has more than 20 years’ experience in the wire/cable harnesses industry. The Company offers customized wire harnesses for different applications and electrics designs. The customers are generally global brand name manufacturers and original equipment manufacturers 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 execution of a definitive agreement and the closing of the acquisition. 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. Factors that could cause actual results, performance, or achievements to differ from those expressed or implied by forward-looking statements include, but are not limited to: risks inherent in diligence and negotiation of the proposed transaction; the risk that the transaction may not be consummated on favorable terms or at all; the risk that the expected benefits of the transaction may not be realized on a timely basis or at all; changes in the markets in which Linkers competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; changes in domestic and global general economic conditions; the risk that Linkers may not be able to execute its growth strategies or may experience difficulties in managing its growth and expanding operations; the risk that Linkers may not be able to develop and maintain effective internal controls; the failure to achieve Linkers’ commercialization and development plans and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of Linkers to grow and manage growth economically and hire and retain key employees; the risk that Linkers may fail to keep pace with rapid technological developments to provide new and innovative products and services or make substantial investments in unsuccessful new products and services; that Linkers will need to raise additional capital to fully realize its business plans; the risk of regulatory lawsuits or proceedings relating to Linkers’ business; risks related to regulatory review, approval and commercial development; risks associated with intellectual property protection; Linkers’ limited operating history; and those factors discussed or incorporated by reference in Linkers’ most recent annual report on Form 20-F (the “Annual Report”) and subsequent filings with the Securities and Exchange Commission (the “SEC”).

 

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 Annual Report 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 transaction did Linkers Industries (LNKS) announce in this Form 6-K?

Linkers Industries announced a material definitive agreement to increase its stake in LPW Electronics Co., Ltd. Its subsidiary will buy 150,800 LPW shares, representing 29% of LPW’s outstanding shares, from the Company’s chairman, aiming to expand influence over LPW’s Thai wire-harness operations.

How much will Linkers Industries pay for the additional LPW shares?

The consideration for the additional 150,800 LPW shares is approximately US$2,350,000. In addition, all outstanding amounts owed by LPW to an associate, totaling about US$6,160,000, will be settled in cash at closing as part of the overall transaction structure.

What will be Linkers Industries’ ownership percentage in LPW after closing?

Before the transaction, Linkers Industries holds 20% of LPW’s equity interests. After closing, it will own up to 49% of LPW. This higher stake gives Linkers greater influence over LPW’s operations without full ownership control of the Thai manufacturing company.

When is the LPW transaction expected to close for Linkers Industries?

The transaction’s closing is expected on and around June 17, 2026. Completion is described as conditional, and the agreement sets out that the cash consideration for shares and settlement of LPW’s outstanding amounts to an associate will occur upon closing of the deal.

What business does LPW Electronics operate and where is it based?

LPW Electronics is a limited liability company incorporated in Thailand in March 2023. Its principal business is manufacturing wire harnesses in Thailand, operating a three-level factory and dedicated warehouse of around 6,500 square meters on approximately 8,000 square meters of land in Pathum Thani.

How could the LPW acquisition affect Linkers Industries’ customer base?

LPW’s customers are mainly multinational corporations in Thailand’s automotive and industrial sectors. Linkers indicates that adding this portfolio may enlarge its existing customer base and provide a valuable opportunity to expand its operational and commercial footprint within the Thai market.

Filing Exhibits & Attachments

2 documents