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BANGKOK - Linkers Industries Limited (NASDAQ:LNKS), a wire and cable harness manufacturer with operations in Malaysia, announced today it has entered into an agreement to purchase a 20% stake in Thailand-based LPW Electronics Co., Ltd. The company, currently valued at $7.5 million market capitalization, has seen its stock surge nearly 18% in the past week, according to InvestingPro data.
According to a press release statement, the company’s wholly owned subsidiary, Linkers Asia Pacific Limited, signed a Share Sale and Purchase Agreement on October 16 with Man Tak Lau, Linkers Industries’ board chairman, to acquire 104,000 shares of LPW for 26 million Thai Baht.
LPW Electronics, established in Thailand in March 2023, specializes in wire harness manufacturing. The company acquired an 8,000 square meter land plot in Pathum Thani, Thailand in November 2023 and completed construction of a production facility in February 2025. The facility includes a three-level main building and warehouse with approximately 6,500 square meters of space.
The acquisition target serves multinational corporations operating in Thailand, primarily in the automotive and industrial sectors. Linkers Industries, which has over 20 years of experience in the wire harness industry, provides customized wire harness solutions for various applications to global brand manufacturers and original equipment manufacturers in the home appliance, industrial, and automotive sectors across the Asia Pacific region.
The transaction is expected to expand Linkers Industries’ customer base and strengthen its presence in the Thai market.
In other recent news, Linkers Industries Limited announced a 180-day extension granted by Nasdaq to meet the minimum bid price requirement. This extension allows the company until March 9, 2026, to maintain a minimum bid price of $1 per share, following an initial deficiency notice received on March 10, 2025. Additionally, Linkers Industries reported changes in its board of directors and committee memberships. The company announced the resignations of Ms. Carrie Chiu Ying Yu and Ms. Kelly Wai Yan Hui from their roles as independent directors. Ms. Yu also stepped down from the Compensation, Audit, and Nominating and Corporate Governance Committees, while Ms. Hui resigned as Chair of the Compensation Committee and as a member of the Audit and Nominating and Corporate Governance Committees. Both directors cited personal reasons for their resignations and clarified that there were no disputes or disagreements with the company or its board. These developments reflect ongoing adjustments within the company’s governance structure.
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