Wire and Cable Harnesses
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Linkers Industries Announces Potential Acquisition in Thailand
Globenewswire· 2026-03-25 12:00
Core Viewpoint - Linkers Industries Limited has announced a non-binding Memorandum of Understanding to acquire up to 29% equity interests in LPW Electronics Co. Ltd., which could enhance its manufacturing capabilities and support expansion plans [1][4]. Company Overview - Linkers Industries Limited is a manufacturer and supplier of wire and cable harnesses with over 20 years of experience in the industry, primarily serving global brand name manufacturers and original equipment manufacturers in the Asia Pacific region [5]. - LPW Electronics Co. Ltd., founded in 2023, specializes in manufacturing wire harnesses and has a factory and warehouse totaling approximately 6,500 square meters on 8,000 square meters of land in Pathum Thani, Thailand [2]. Transaction Details - The proposed acquisition involves Linkers increasing its stake in LPW from 20% to up to 49% by acquiring equity interests from Mr. Man Tak Lau, the controlling shareholder, along with certain loans owed by LPW [3]. - The transaction is subject to due diligence, negotiation of a definitive agreement, required approvals, and customary closing conditions [4]. Strategic Implications - The CEO of Linkers stated that the acquisition could enhance manufacturing capabilities and optimize economies of scale, potentially strengthening earnings visibility and expanding the customer base [4].
Linkers Industries Announces Pricing of $16 Million Best Efforts Public Offering
Globenewswire· 2026-03-23 13:24
Core Viewpoint - Linkers Industries Limited has announced a public offering expected to generate approximately $16 million in gross proceeds, which will be utilized for acquisitions and operational purposes [1][4]. Group 1: Offering Details - The offering consists of 23,088,023 units, each unit comprising one Class A ordinary share or a pre-funded warrant, along with Series A and Series B Warrants [2]. - The purchase price for each unit is set at $0.693, while the pre-funded unit price is slightly lower at $0.693 minus $0.00001 [3]. - The Series A Warrants have an initial exercise price of $0.7277 and will expire one year after issuance, while the Series B Warrants have an exercise price of $1.1781 and will also expire one year after issuance [2]. Group 2: Use of Proceeds - A portion of the net proceeds from the offering will be allocated to finance the potential acquisition of additional equity interests in LPW Electronics Co Ltd, where the company currently holds a 20% stake [4]. - The remaining funds will be used for capital expenditures, operational capacity, working capital, general corporate purposes, and potential future business combinations or acquisitions [4]. Group 3: Company Background - Linkers Industries Limited specializes in manufacturing and supplying wire and cable harnesses, with over 20 years of experience in the industry [8]. - The company serves global brand name manufacturers and original equipment manufacturers primarily in the home appliances, industrial products, and automotive sectors, focusing on the Asia Pacific region [8].
Linkers Industries Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2026-03-02 21:00
Core Viewpoint - Linkers Industries Limited has regained compliance with Nasdaq's minimum bid price requirement, allowing its shares to continue trading on the exchange under the symbol "LNKS" [1][2]. Group 1: Compliance with Nasdaq - The company received a notification letter from Nasdaq confirming compliance with the minimum bid price requirement, having a closing bid price of at least $1.00 per ordinary share from January 29, 2026, to February 26, 2026 [2]. - The listing matter has been officially closed following the confirmation of compliance [2]. Group 2: Company Overview - Linkers Industries Limited is a manufacturer and supplier of wire and cable harnesses, with over 20 years of experience in the industry [3]. - The company specializes in customized wire harnesses for various applications and electric designs, serving global brand name manufacturers and OEMs primarily in the Asia Pacific region [3].