Davis & KT Holdings, Leck Li Peng Own 100% of Davis Commodities

TL;DR

**Davis & KT Holdings and Leck Li Peng own 100% of Davis Commodities, giving them total control.**

AI Summary

Davis & KT Holdings Pte. Ltd. and Leck Li Peng have jointly reported beneficial ownership of 15,056,700 ordinary shares of Davis Commodities Limited, representing 100% of the class. This significant stake was reported on December 31, 2023, indicating complete control over the company's voting and dispositive power. This matters to shareholders because it confirms that a single group effectively controls all major decisions for Davis Commodities, potentially limiting the influence of other investors.

Why It Matters

This filing confirms that Davis & KT Holdings Pte. Ltd. and Leck Li Peng have complete control over Davis Commodities Ltd., meaning they can make all strategic decisions without needing approval from other shareholders.

Risk Assessment

Risk Level: medium — Concentrated ownership at 100% means minority shareholders have no influence, which can be a risk if their interests diverge from the controlling entity.

Analyst Insight

Investors should recognize that Davis Commodities Limited is fully controlled by a single entity/group, meaning public shareholders have no voting power. This implies that the company's direction will be solely determined by the controlling parties, which could be a positive or negative depending on their strategy and alignment with potential minority interests.

Key Numbers

• 15,056,700 — Shares Beneficially Owned (Represents 100% of the ordinary shares of Davis Commodities Limited, indicating full control.)
• 100% — Percent of Class (The aggregate amount beneficially owned by the reporting persons relative to the total outstanding shares.)
• $0.000000430108 — Par Value per Share (The nominal value of each ordinary share of Davis Commodities Limited.)
• December 31, 2023 — Date of Event (The date that triggered the requirement for this Schedule 13G filing.)

Key Players & Entities

• Davis & KT Holdings Pte. Ltd. (company) — reporting person and group member
• Leck Li Peng (person) — reporting person and group member
• Davis Commodities Limited (company) — subject company (issuer)
• 07 Trade & Services (company) — organization name associated with the subject company
• Singapore (company) — place of organization for Davis & KT Holdings Pte. Ltd.

Forward-Looking Statements

• Davis & KT Holdings Pte. Ltd. and Leck Li Peng will maintain full control over Davis Commodities Limited's strategic direction. (Davis Commodities Limited) — high confidence, target: Ongoing

FAQ

Key Financial Figures

• $0.000000430108 — of Issuer) Ordinary shares, par value $0.000000430108 per share (Title of Class of Securiti

Filing Documents

• davis_leck-sc13g.htm (SC 13G) — 50KB
• davis_leck-ex9901.htm (EX-99.1) — 4KB
• 0001683168-24-000548.txt ( ) — 55KB

IF THIS STATEMENT IS FILED PURSUANT

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not Applicable.

OWNERSHIP

ITEM 4. OWNERSHIP. The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G. CUSIP No. G2677P105 Page 4 of 6

OWNERSHIP OF FIVE PERCENT OR LESS OF

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable.

OWNERSHIP OF MORE THAN FIVE PERCENT

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable.

IDENTIFICATION AND CLASSIFICATION OF

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable.

IDENTIFICATION AND CLASSIFICATION OF

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable.

NOTICE OF DISSOLUTION OF GROUP

ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable.

CERTIFICATIONS

ITEM 10. CERTIFICATIONS. Not applicable. CUSIP No. G2677P105 Page 5 of 6 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 30, 2024 Davis & KT Holdings Pte. Ltd. By: /s/ Li Peng Leck Name: Li Peng Leck Title: Director By: /s/ Li Peng Leck Name: Li Peng Leck The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. CUSIP No. G2677P105 Page 6 of 6 LIST OF EXHIBITS Exhibit No. Description 99.1 Joint Filing Agreement

View Full Filing

View this SC 13G filing on SEC EDGAR