Linkers Industries announced it will acquire an additional 29% stake in Thailand-based LPW Electronics for $2.35 million, increasing its ownership from 20% to 49%. The deal includes settling $6.16 million owed by LPW to an associate. LPW operates a wire harness manufacturing facility serving automotive clients, and this acquisition aims to expand Linkers' presence in Thailand's auto sector. Following the announcement, Linkers' stock surged 32.5% in after-hours trading, reflecting investor optimism about the strategic move.
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