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Singapore court dispute spares Davis Commodities (NASDAQ: DTCK) operations

Filing Impact
(Neutral)
Filing Sentiment
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Form Type
6-K

Rhea-AI Filing Summary

Davis Commodities Limited furnished a Form 6-K to clarify the impact of a Singapore High Court order involving a dispute between Raízen Trading SA and Carfax Commodities (Asia) Pte. Ltd. The Company states the order relates solely to a commercial dispute between Carfax and its supplier.

Carfax is described as a counterparty to a convertible loan arrangement with Davis Commodities, but not as a subsidiary, consolidated entity, or controlled affiliate. Davis Commodities is not a party to the proceedings, and based on information currently available, its operations have not been affected. The Company will assess whether any accounting, disclosure, or recovery actions are needed and indicates it will make further announcements if required under applicable regulations.

Positive

  • None.

Negative

  • None.
Countries served over 20 countries Distribution reach as of the year ended December 31, 2025
convertible loan arrangement financial
"Carfax is a counterparty to a convertible loan arrangement with Davis Commodities"
order of court regulatory
"an order of court issued by the High Court of the Republic of Singapore"
forward-looking statements financial
"Certain statements in this press release are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
High Court of the Republic of Singapore regulatory
"order of court issued by the High Court of the Republic of Singapore"
risk management and counterparty review processes financial
"maintaining robust risk management and counterparty review processes"
Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number: 001-41804

 

Davis Commodities Limited

 

10 Bukit Batok Crescent, #10-01, The Spire

Singapore 658079

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

Incorporation by reference

 

This report on Form 6-K is hereby incorporated by reference in the registration statement of Davis Commodities Limited on Form F-3 (File No. 333-286042) filed with the SEC on March 24, 2025, to the extent not superseded by documents or reports subsequently filed or furnished.

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

On May 27, 2026, Davis Commodities Limited (the “Company”) issued a press release regarding an order of court issued by the High Court of the Republic of Singapore on May 14, 2026 in respect of a dispute between Raízen Trading SA and Carfax Commodities (Asia) Pte. Ltd.

 

A copy of the press release is furnished as Exhibit 99.1 to this Form 6-K.

 

Exhibit No.   Description of Exhibit
99.1   Press release of Davis Commodities Limited, dated May 27, 2026.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 2 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Davis Commodities Limited  
     
  By: /s/ Li Peng Leck
  Name:  Li Peng Leck
  Title: Executive Chairperson and Executive Director (Principal Executive Officer)
       

 

Date: May 27, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Exhibit 99.1

 

 

Davis Commodities issues clarification on Singapore court order involving Carfax Commodities

 

SINGAPORE, May 27, 2026 (GLOBE NEWSWIRE) -- Davis Commodities Limited (OTCQB: DTCKF, “Davis Commodities” or the “Company”) hereby clarifies recent reports concerning an order of court issued by the High Court of the Republic of Singapore in respect of a dispute between Raízen Trading SA and Carfax Commodities (Asia) Pte. Ltd. (“Carfax”). The Company understands that the court order relates solely to a commercial dispute between Carfax and its supplier arising from a separate contractual relationship.

 

Carfax is a counterparty to a convertible loan arrangement with Davis Commodities and is not a subsidiary, consolidated entity, or controlled affiliate of the Company. The court proceedings and resulting order concern Carfax’s obligations to its supplier and do not involve Davis Commodities as a party, whether directly or indirectly.

 

Based on the information currently available, the Company’s operations have not been affected. The Company will evaluate whether any accounting, disclosure, or recovery considerations are required under applicable standards and regulations.

 

Davis Commodities remains focused on executing its strategic plans, serving its customers, and maintaining robust risk management and counterparty review processes. Should there be any developments requiring disclosure under applicable regulations, Davis Commodities will make further announcements in a timely manner.

 

About Davis Commodities Limited

 

Based in Singapore, Davis Commodities Limited is an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products in various markets, including Asia, Africa and the Middle East. The Company sources, markets, and distributes commodities under two main brands: Maxwill and Taffy in Singapore. The Company also provides customers of its commodity offerings with complementary and ancillary services, such as warehouse handling and storage and logistics services. The Company utilizes an established global network of third-party commodity suppliers and logistics service providers to distribute sugar, rice, and oil and fat products to customers in over 20 countries as of the year ended December 31, 2025.

 

For more information, please visit the Company’s website: ir.daviscl.com.

 

Forward-Looking Statements

 

Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the U.S. Securities and Exchange Commission.

 

For more information, please contact:

 

Davis Commodities Limited

Investor Relations Department

Email: investors@daviscl.com

 

Celestia Investor Relations

Dave Leung

Email: investors@celestiair.com

Source: View Original Filing on SEC EDGAR

FAQ

What Singapore court order does Davis Commodities (DTCK) address in this Form 6-K?

The company addresses an order issued by the High Court of the Republic of Singapore concerning a commercial dispute between Raízen Trading SA and Carfax Commodities (Asia) Pte. Ltd., clarifying that the matter relates to Carfax’s supplier relationship, not Davis Commodities.

Is Davis Commodities (DTCK) a party to the Singapore court proceedings involving Carfax?

Davis Commodities is not a party, directly or indirectly, to the Singapore court proceedings. The dispute and resulting order concern Carfax’s obligations to its supplier, while Davis Commodities is only connected to Carfax through a separate convertible loan arrangement.

Has the Singapore court order affected Davis Commodities’ operations?

Based on information currently available, Davis Commodities states its operations have not been affected by the Singapore court order. The company indicates it will continue monitoring the situation and will make additional disclosures if required under applicable regulations and reporting standards.

What steps might Davis Commodities (DTCK) take in response to the Carfax dispute?

Davis Commodities will evaluate whether any accounting, disclosure, or recovery considerations are required under applicable standards and regulations. The company also commits to making further announcements in a timely manner if future developments trigger additional regulatory disclosure obligations.

What business does Davis Commodities (DTCK) operate, based on the 6-K description?

Davis Commodities is a Singapore-based agricultural commodity trading company specializing in sugar, rice, and oil and fat products. It markets under the Maxwill and Taffy brands, offers logistics and storage services, and distributes products to customers in over 20 countries as of December 31, 2025.

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