2 weeks Ago By [email protected] (MENAFN)
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' position in the global market: CEO Statement: Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities Limited, commented, "The issuance of new shares amounting to USD 30 million represents a significant milestone for Davis Commodities.
We are excited about the opportunities this capital infusion presents, allowing us to accelerate our growth trajectory, drive innovation, and create long-term value for our shareholders." The issuance of new shares underscores Davis Commodities' commitment to strategic expansion, operational excellence, and sustainable growth in the dynamic commodities market. For more details, you may refer to the F-3 form in the SEC filings section on our website.
About Davis Commodities Limited Davis Commodities Limited is a Singapore-based investment holding company with an extensive footprint in the global agricultural commodities market. The company specializes in the trading and distribution of staples such as sugar, rice, and edible oils, with a strong presence across Asia, Africa, and the Middle East. As a Nasdaq-listed entity, Davis Commodities is committed to delivering value through diversification, innovation, and sustainable business practices.
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