LNKS News & Events

Linkers Industries announced entering into a material definitive agreement. On June 17, Linkers Industries, through its wholly-owned subsidiary, Linkers Asia Pacific, entered into a sales and purchase agreement with Man Tak Lau, the chairman of the board of directors of the Company, pursuant to which Linkers Asia Pacific conditionally agreed to purchase, and Lau, conditionally agreed to sell, 150,800 shares, or twenty nine percent of the outstanding shares, of LPW Electronics, the consideration is approximately $2,350,000. Meanwhile, all outstanding amounts owed by LPW to an associate, totaling approximately $6,160,000, together with the foregoing, shall be settled in cash upon closing. 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. 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.

Linkers Industries Ltd trading halted, news pending

Linkers Industries announced that its board of directors has approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a 1-for-250 basis. The company's Class A ordinary shares will begin trading on the Nasdaq Stock Market on a post-split basis on April 6. The reverse share split is intended to increase the market price per Class A ordinary share to allow the company to maintain its Nasdaq listing. As a result of the reverse share split, each 250 issued and outstanding Class A ordinary shares will be combined into one Class A ordinary share and each 250 issued and outstanding Class B ordinary shares will be combined into one Class B ordinary share, automatically and without any action by shareholders. The reverse share split affects all shareholders uniformly and will not alter any shareholder's percentage interest in the Class A ordinary shares, except for adjustments that may result from the treatment of fractional shares.

Linkers Industries announced it has entered into a non-binding memorandum of understanding, or MOU, to acquire certain equity interests in LPW Electronics in Thailand. If consummated, the proposed transaction could expand Linkers' manufacturing and production capabilities and support the company's operation and further expansion plans. Founded in 2023, LPW is principally engaged in the manufacturing of wire harnesses in Thailand. It 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. Under the MOU and subject to entering into a definitive agreement, Linkers will acquire up to 29% of the equity interests in LPW from Man Tak Lau, the controlling shareholder of Linkers, as well as certain loans due and owing by LPW. Linkers currently owns 20% of the equity interests in LPW and will own up to 49% of the equity interests in LPW if the potential acquisition is consummated. The proposed transaction remains subject to, among other things, completion of due diligence, negotiation and execution of a definitive agreement, required approvals, and satisfaction of customary closing conditions. There can be no assurance that a definitive agreement will be executed or that the proposed transaction will be completed.