Linkers Industries completed the acquisition of an additional 29% stake in LPW Electronics. This transaction increases the company's total ownership in LPW to 49%.
Linkers paid approximately $2.35 million in cash for the increased stake. A Linkers subsidiary also assumed roughly $6.16 million of LPW's debt through a novation agreement.
The company detailed the transaction's impact in a Form 6-K filing containing pro forma financial statements. Linkers expects its reported net losses to increase as it incorporates its share of LPW's financial results. LPW Electronics recorded a net loss of approximately THB 23.4 million ($743,856) for the year 2025.