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戴维斯商业宣布拟发行总额3000万美元的新股
DTCKDavis modities (DTCK) GlobeNewswire·2025-04-29 11:00

Core Viewpoint - Davis Commercial Ltd. plans to issue 30millioninnewsharestosupportitsgrowthandexpansionstrategy[1][2]Group1:BenefitsofNewShareIssuance−ThenewshareissuancewillprovidesignificantfundingforDavisCommercial,enablingthepursuitofstrategicopportunitiesaimedatenhancingoperationalefficiency,drivingrevenuegrowth,andexpandingmarketshare[2]Group2:UtilizationofNewFunds−TheproceedsfromthenewshareissuancewillbeallocatedtokeyareastostrengthenDavisCommercial′spositionintheglobalmarket[3]−TheCEO,LiPengLeck,emphasizedthatthe30 million in new shares to support its growth and expansion strategy [1][2] Group 1: Benefits of New Share Issuance - The new share issuance will provide significant funding for Davis Commercial, enabling the pursuit of strategic opportunities aimed at enhancing operational efficiency, driving revenue growth, and expanding market share [2] Group 2: Utilization of New Funds - The proceeds from the new share issuance will be allocated to key areas to strengthen Davis Commercial's position in the global market [3] - The CEO, Li Peng Leck, emphasized that the 30 million capital injection represents a significant milestone for the company, allowing for accelerated growth, innovation, and long-term value creation for shareholders [3] Group 3: Company Overview - Davis Commercial Ltd. is a Singapore-based investment holding company engaged in the trading and distribution of major food commodities such as sugar, rice, and edible oils, with a strong presence in Asia, Africa, and the Middle East [4] Group 4: Strategic Initiatives - The company will explore potential M&A opportunities to expand its portfolio and enhance market competitiveness, including negotiations to acquire a 49% stake in an agricultural trading company, which is expected to contribute significantly to revenue and profit [5] - New funds will be strategically invested in initiatives that promote sustainable growth and innovation, positioning the company for long-term success in the evolving commodity market [5] - Davis Commercial aims to optimize its supply chain operations through investments in infrastructure, technology, and processes to streamline logistics and ensure timely delivery of goods to global customers [5] - The company plans to implement efficiency enhancement projects across operations to reduce costs, improve productivity, and enhance overall operational performance [5] - The adoption of artificial intelligence solutions is intended to enhance decision-making, optimize trading strategies, and identify new opportunities in the commodity market [5]