Linkers Industries to acquire 29% additional stake in LPW for $2.35M
Linkers Industries Limited, through its wholly-owned subsidiary Linkers Asia Pacific Limited, has entered into an agreement to acquire an additional 29% stake in LPW Electronics Co., Ltd. for approximately $2,350,000. This transaction will increase Linkers' equity interest in LPW from 20% to 49%. The deal also includes the settlement of approximately $6,160,000 in outstanding amounts owed by LPW. This strategic acquisition is expected to expand Linkers' customer base and strengthen its presence in Thailand's automotive and industrial sectors.
Key Highlights
- Linkers Industries' subsidiary to acquire an additional 29% stake in LPW Electronics Co., Ltd.
- The consideration for the 29% stake is approximately $2,350,000.
- Linkers' ownership in LPW will increase from 20% to 49% post-transaction.
- Approximately $6,160,000 in outstanding amounts owed by LPW will be settled in cash.
- LPW operates a 6,500 sq meter factory and warehouse on 8,000 sq meters of land in Thailand.
- The acquisition aims to enlarge Linkers' customer base and expand its footprint in Thailand.
Price Impact
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