Linkers Industries (LNKS) Stock Jumps Over 32% After Hours: Here's What Is Going On

Linkers Industries announced a definitive agreement to acquire a 29% additional stake in Thailand's LPW Electronics Co., Ltd. for approximately $2.35 million, increasing its total ownership from 20% to 49%. The acquisition includes settling $6.16 million in outstanding amounts owed by LPW. The stock surged 32.5% in after-hours trading following the announcement. However, the company faces significant headwinds with a 98.89% decline over the past 12 months and a market cap of only $2.57 million.