SINGAPORE, June 06, 2025 (GLOBE NEWSWIRE) -- Davis Commodities (DTCK) has announced the successful approval of a $30 million fundraising plan. According to the company's latest strategy, a significant portion of the funds will be allocated to establishing Bitcoin reserves, aiming to enhance asset allocation, improve operational flexibility, and strengthen counterparties' confidence in the company. Davis Commodities stated that Bitcoin, often referred to as the "digital gold against inflation," has become a globally influential cryptocurrency with strong value as a store of wealth and significant appreciation potential. With its capped supply of 21 million coins, Bitcoin possesses inhe

SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its financial results for the fiscal year 2024. Ms. Li Peng Leck, Executive Chairperson and Executive Director of Davis Commodities, commented, "Despite the challenges posed by fluctuations in commodity prices and shipping costs, we remain confident in our ability to navigate these temporary headwinds. Our robust logistics supply chain is designed to mitigate the impact of such fluctuations, ensuring a steady flow of operations. Looking ahe

SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK), a global leader of agricultural commodity solutions, today announced a pivotal joint venture with a prestigious Malaysian Agri-processing group to produce and export 180,000 metric tons (MT) of high-grade food-use inputs annually to a key Northeast Asian market. This initiative is strategically designed to align with evolving regional trade policies and leverages Malaysia's unique status under the ASEAN Free Trade Agreement (FTA) for tax-free access to one of the world's largest import markets. Supply Gaps & Regulatory Adjustments Structural Imbalance: The destination market continues to face a signifi

SINGAPORE, March 24, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) is pleased to announce its decision to issue new shares amounting to USD 30 million, marking a strategic move to fuel the company's growth and expansion initiatives. Benefits of the New Share Issue: The issuance of new shares will provide Davis Commodities with a significant influx of capital, enabling the company to pursue various strategic opportunities aimed at enhancing operational efficiency, driving revenue growth, and expanding its market presence. Utilization of New Funds: The proceeds from the new share issue will be allocated towards several key areas to further strengthen Davis Commodities'

SINGAPORE, March 21, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (the "Company") announced that, on March 19, 2025, the Company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market ("Nasdaq") notifying the Company that based on the closing bid price of the Company for the period from February 3, 2025 to March 18, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rule 5550(a)(2), to maintain a minimum bid price of $1 per share. The notification has no immediate effect on the listing of the Company's ordinary shares. Nasdaq has provided the Company with a 180 calendar days compliance period, or until Septe

SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK), a prominent agricultural commodity trading company listed on the NASDAQ exchange, today announced the signing of a Memorandum of Understanding (MOU) with Carfax Commodities (Asia) Pte Ltd, a leading global trader of food commodities, to enter into a strategic share acquisition plan on 24 February 2025. This collaboration promises significant synergies and growth opportunities for both entities. The proposed transaction under consideration involves Davis Commodities Limited potentially acquiring up to 49% of the share capital of Carfax Commodities (Asia) Pte Ltd. This collaboration marks a pivotal moment

SINGAPORE, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK), a global leader in commodities and logistics, and Kohai, an innovative gaming and eSports organization, today announced the signing of a Memorandum of Understanding (MOU) to jointly invest in Kinetic AI, a company that develops enterprise solutions using artificial intelligence (AI). Empowering Businesses with Innovative AI Solutions The global AI market is forecasted to surpass $1 trillion by 2030, showcasing the immense growth potential within the artificial intelligence sector. At the forefront of this transformative industry is Kinetic AI, a pioneering company specializing in crafting cutting-edge a

SINGAPORE, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Singapore-based Davis Commodities Limited (NASDAQ:DTCK), a leading global agricultural commodity trading company, today announced a strategic partnership with QBE.AI Limited, a cutting-edge artificial intelligence (AI) development company. This collaboration will leverage QBE.AI's advanced AI algorithms to enhance Davis Commodities' trading strategies and market analysis capabilities, leading to more precise and profitable trading decisions. The Power of AI in Commodity Markets The commodities market is characterized by its complexity, volatility, and vast amounts of data. Traditional methods of market analysis often struggle to ke

SINGAPORE, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Singapore-based Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), has recently finalized a significant financial agreement, entering into a S$10,000,000 banking facility to fortify its operational capacities and propel strategic expansion efforts. This substantial facility stands as a part of foundation in supporting the Company's strategic expansion endeavors. With a well-structured financial framework in place, Davis Commodities is poised to leverage these allocated funds effectively, driving growth, and enhancing operational efficiency in the competitive landscape of commodity trading and financing. To achieve g

SINGAPORE, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Strengthening its portfolio with a high-value wellness and luxury commodity, Davis Commodities takes another strategic step toward market diversification. Davis Commodities Limited (NASDAQ:DTCK), a Singapore-based global leader in agricultural commodity trading, proudly announces the signing of a Memorandum of Understanding (MOU) with Dadvance Agarwood Solutions Sdn. Bhd., Malaysia's foremost agarwood biotech company. This partnership positions Davis Commodities as the exclusive distribution partner for Dadvance's premium-grade agarwood oil, with the agreement valued at USD 15 million. This strategic move aligns with Davis Commodities'

SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its financial results for the fiscal year 2024. Ms. Li Peng Leck, Executive Chairperson and Executive Director of Davis Commodities, commented, "Despite the challenges posed by fluctuations in commodity prices and shipping costs, we remain confident in our ability to navigate these temporary headwinds. Our robust logistics supply chain is designed to mitigate the impact of such fluctuations, ensuring a steady flow of operations. Looking ahe

SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, announced its financial results for the six months ended June 30, 2024. Ms. Li Peng Leck, Executive Chairperson and Executive Director of Davis Commodities, commented, "Our performance is shaped by fluctuations in commodity prices and shipping costs. We view certain unfavorable circumstances as transient. Through our well-established logistics supply chain, our goal is to alleviate the effects of these fluctuations. Moreover, we are committed to broadening ou

SINGAPORE, May 15, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its financial results for the fiscal year ended December 31, 2023. Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities, commented, "I'm glad to present our financial results for fiscal year 2023. During this period, our business has maintained profitability across all products, being sugar, rice, and oil and fat products. Particularly noteworthy is the exceptional growth in revenue from the sale of oil and fat pro

6-K - DAVIS COMMODITIES Ltd (0001949478) (Filer)

20-F - DAVIS COMMODITIES Ltd (0001949478) (Filer)

EFFECT - DAVIS COMMODITIES Ltd (0001949478) (Filer)

F-3 - DAVIS COMMODITIES Ltd (0001949478) (Filer)

6-K - DAVIS COMMODITIES Ltd (0001949478) (Filer)

6-K - DAVIS COMMODITIES Ltd (0001949478) (Filer)

EFFECT - DAVIS COMMODITIES Ltd (0001949478) (Filer)

F-3/A - DAVIS COMMODITIES Ltd (0001949478) (Filer)

6-K - DAVIS COMMODITIES Ltd (0001949478) (Filer)

F-3 - DAVIS COMMODITIES Ltd (0001949478) (Filer)