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 dire ...

Core Viewpoint - Linkers Industries Limited has entered into a significant agreement to acquire a 20% stake in LPW Electronics Co., Ltd., enhancing its presence in the wire harness manufacturing sector in Thailand [2][4]. Group 1: Company Overview - Linkers Industries Limited is a manufacturer and supplier of wire/cable harnesses with over 20 years of experience in the industry, primarily serving global brand name manufacturers and OEMs in the Asia Pacific region [5]. - The company operates manufacturing facilities in Malaysia and specializes in customized wire harnesses for various applications [5]. Group 2: Acquisition Details - On October 16, 2025, Linkers Asia Pacific Limited, a wholly owned subsidiary of Linkers Industries, signed a Share Sale and Purchase Agreement to acquire 104,000 shares (20% of outstanding shares) of LPW Electronics for THB 26,000,000 (26 million Thai Baht) [2]. - LPW Electronics, established in March 2023, focuses on manufacturing wire harnesses and has recently completed a production facility in Pathum Thani, Thailand, which includes a three-level main building and a warehouse [3]. Group 3: Strategic Implications - The acquisition of LPW is expected to expand Linkers Industries' customer base, particularly in the automotive and industrial sectors, thereby providing opportunities for growth in Thailand [4].

Core Points - Linkers Industries Limited has received a Nasdaq Minimum Bid Price Deficiency Letter due to its closing bid price falling below the required minimum of $1 per share from January 24, 2025, to March 7, 2025 [2] - The company has been granted a compliance period of 180 calendar days, until September 8, 2025, to regain compliance with Nasdaq's continued listing requirements [3] - If compliance is not achieved within the initial period, the company may be eligible for an additional 180 days, provided it meets other listing standards and intends to cure the deficiency, potentially through a reverse stock split [3] - The company is actively evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's requirements [4] Company Overview - Linkers Industries Limited is a manufacturer and supplier of wire/cable harnesses with over 20 years of experience in the industry [5] - The company operates manufacturing facilities in Malaysia and serves global brand name manufacturers and original equipment manufacturers (OEMs) primarily in the home appliances, industrial products, and automotive sectors within the Asia Pacific Region [5]