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Statutory demands hit Davis Commodities (DTCK) Singapore subsidiaries

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

Rhea-AI Filing Summary

Davis Commodities Limited reports that two Singapore subsidiaries, Davis Commodities Pte. Ltd. and LP Grace Pte. Ltd., received statutory demand letters from a supplier tied to a Singapore court judgment. The demands seek payment of US$620,130.00 from DCPL and US$129,600.00 from LP Grace, plus interest and costs.

The supplier may commence winding-up proceedings against the subsidiaries in Singapore if these amounts are not resolved within the specified period. The company states that, to its knowledge, no corporate guarantees have been given by the parent or other subsidiaries and no related claims have been served on them. Management is evaluating options, including engagement with the supplier, and is adjusting trade flows and operational arrangements among other subsidiaries to support business continuity, while cautioning that the outcome, timing and impact remain uncertain.

Positive

  • None.

Negative

  • Statutory demands and potential winding-up risk: Two core Singapore trading subsidiaries face statutory demands of US$620,130.00 and US$129,600.00, with the supplier indicating it may commence winding-up proceedings if unresolved, creating legal and operational uncertainty for the group.

Insights

Statutory demands create legal and operational risk for key subsidiaries.

Davis Commodities discloses statutory demands against two Singapore subsidiaries for US$620,130.00 and US$129,600.00 under a Singapore court judgment. The supplier may seek winding-up if these amounts are not settled, introducing a clear legal overhang at the subsidiary level.

The company emphasizes that, to its knowledge, the parent and other subsidiaries have not guaranteed these obligations and currently face no direct claims. However, the subsidiaries are primarily engaged in commodities trading and operate with asset-light balance sheets, so potential winding-up could disrupt established trade flows.

Management is assessing options, including negotiation and settlement discussions referenced in correspondence dated February 12, 2026, while reconfiguring trade flows and operations across other subsidiaries to maintain service to key suppliers and customers. The filing underscores that the ultimate outcome and its impact are uncertain, so future company disclosures will be important to understand how this matter evolves.

 

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 February 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

 

Statutory Demands Received By Singapore Subsidiaries

 

On January 22, 2026, Davis Commodities Pte. Ltd. (“DCPL”) and LP Grace Pte. Ltd. (“LP Grace”), Singapore subsidiaries (the “Subsidiaries”) of Davis Commodities Limited (the “Company”), received statutory demand letters (together, the “Statutory Demands”) from counsel to a supplier (the “Supplier”) in connection with amounts claimed to be due under a Singapore court judgment. The Statutory Demands demand payment by (i) DCPL of US$620,130.00 and (ii) LP Grace of US$129,600.00, in each case together with applicable interest and costs, within the time period specified in the Statutory Demands. The Statutory Demands state that if the amounts demanded are not paid, secured, compounded or otherwise resolved within such period, the Supplier may commence winding-up proceedings against the Subsidiaries in Singapore. On February 12, 2026, the Subsidiaries received further correspondence from counsel to the Supplier regarding a potential negotiation and settlement process.

 

The Company further confirms that, as of the date hereof and to the Company’s knowledge, neither the Company nor any of its other subsidiaries has provided any corporate guarantee in favor of the Supplier in respect of the Subsidiaries’ obligations under the Statutory Demands, and no claim or legal proceeding has been served on, or to the Company’s knowledge commenced against, the Company or any of its other subsidiaries in connection with this matter. As the Subsidiaries are primarily engaged in commodities trading and maintain relatively asset-light balance sheets, the Company is evaluating potential options, including engagement with the Supplier. To maintain business continuity, the Company is assessing and implementing adjustments to its trade flows and certain operational arrangements among its other subsidiaries and intends to continue to serve its key suppliers and customers in the ordinary course. However, there can be no assurance as to the ultimate outcome of this matter or the timing or impact of any related developments. The Company is actively managing this matter in a prudent and orderly manner with a view to supporting business continuity.

 

Forward-Looking Statements

 

Certain statements in this announcement 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 or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring 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 you 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 Registration Statement and other filings with the SEC, which are available for review at www.sec.gov.

 

 

 

 

 

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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: /sLi Peng Leck  
  Name:  Li Peng Leck  
  Title: Executive Chairperson and Executive Director (Principal Executive Officer)  

 

Date: February 12, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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FAQ

What statutory demands did Davis Commodities (DTCK) subsidiaries receive?

Two Singapore subsidiaries of Davis Commodities received statutory demands from a supplier linked to a Singapore court judgment. DCPL is demanded to pay US$620,130.00 and LP Grace US$129,600.00, plus applicable interest and costs, within the specified period.

Could Davis Commodities (DTCK) subsidiaries face winding-up proceedings?

Yes. The statutory demands state that if the amounts are not paid, secured, compounded or otherwise resolved in time, the supplier may commence winding-up proceedings in Singapore against Davis Commodities Pte. Ltd. and LP Grace Pte. Ltd., potentially affecting their trading operations.

Are Davis Commodities (DTCK) or other subsidiaries guaranteed on these obligations?

The company states that, to its knowledge, neither the parent company nor any other subsidiaries have provided corporate guarantees in favor of the supplier. It also reports no related claims or legal proceedings have been served on, or commenced against, those entities in this matter.

How is Davis Commodities (DTCK) responding to the statutory demands?

Management is evaluating options, including potential negotiation and settlement with the supplier following correspondence dated February 12, 2026. The company is also adjusting trade flows and operational arrangements among other subsidiaries to support business continuity while this issue remains unresolved.

What is the business role of the affected Davis Commodities (DTCK) subsidiaries?

The affected Singapore subsidiaries are primarily engaged in commodities trading and maintain relatively asset-light balance sheets. Because they handle trading activities, any disruption from enforcement or winding-up actions could affect how Davis Commodities conducts and routes its trade flows.

Does Davis Commodities (DTCK) provide guidance on the outcome of this matter?

The company explicitly notes there can be no assurance regarding the ultimate outcome, timing, or impact of developments related to the statutory demands. It characterizes its approach as actively managing the situation in a prudent and orderly manner to support business continuity.
Davis Commoditie

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