Davis Commodities to issue new shares amounting to $30M

Davis Commodities (DTCK) announced its decision to issue new shares amounting to $30M to “fuel the company’s growth and expansion initiatives.” The company said: “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.” Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities Limited, commented, “The issuance of new shares amounting to $30M 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.”