10:09 AM EDT, 06/17/2026 (MT Newswires) -- Linkers Industries ( LNKS ) said Wednesday it will increase its stake in LPW Electronics to up to 49% through a subsidiary as part of its expansion in Thailand.

The company said its wholly owned subsidiary Linkers Asia Pacific entered into a definitive agreement to acquire 150,800 LPW Electronics shares, representing a 29% stake, for about $2.35 million, along with the settlement of roughly $6.16 million in outstanding obligations.

The deal is expected to close around Wednesday and builds on its existing 20% stake in LPW, a manufacturer of wire harnesses in Thailand, Linkers said.

Linkers Industries ( LNKS ) shares were up more than 12% in Wednesday trading.

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