SC 13G 1 davis_leck-sc13g.htm SCHEDULE 13G

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

Davis Commodities Limited

(Name of Issuer)

 

Ordinary shares, par value $0.000000430108 per share

(Title of Class of Securities)

 

G2677P105

(CUSIP Number)

 

December 31, 2023

(Date of Event Which Requires Filing of This Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  Rule 13d-1(b)
     
  Rule 13d-1(c)
     
  Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

   

 

 

CUSIP No.

G2677P105

  Page 1 of 6

 

1.

Names of Reporting Persons

Davis & KT Holdings Pte. Ltd.

2.

Check the Appropriate Box if a Member of a Group

(a)

(b)

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

Singapore

Number of Shares

Beneficially

Owned by

Each Reporting

Person With:

5.

Sole Voting Power

0

6.

Shared Voting Power

15,056,700

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

15,056,700

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

15,056,700

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11.

Percent of Class Represented by Amount in Row (9)

61.5%*

12.

Type of Reporting Person

FI

 

* Percentage of class is calculated based on 24,500,625 ordinary shares outstanding as of December 31, 2023, which information was provided by the Issuer to the Reporting Persons on December 31, 2023.

 

 

   

 

 

CUSIP No.

G2677P105

  Page 2 of 6

 

1.

Names of Reporting Persons

Li Peng Leck*

2.

Check the Appropriate Box if a Member of a Group

(a)

(b)

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

Singapore 

Number of Shares

Beneficially

Owned by

Each Reporting

Person With:

5.

Sole Voting Power

0

6.

Shared Voting Power

15,056,700

7.

Sole Dispositive Power

0

8.

Shared Dispositive Power

15,056,700

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

15,056,700

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11.

Percent of Class Represented by Amount in Row (9)

61.5%**

12.

Type of Reporting Person

IN

 

* Represents 15,056,700 ordinary shares held through Davis & KT Holdings Pte. Ltd., which is 100% owned by Li Peng Leck, as of December 31, 2023.
   
** Percentage of class is calculated based on 24,500,625 ordinary shares outstanding as of December 31, 2023, which information was provided by the Issuer to the Reporting Persons on December 31, 2023.

 

 

   

 

 

CUSIP No.

G2677P105

  Page 3 of 6

 

ITEM 1.

 

(a) Name of Issuer: Davis Commodities Limited

 

(b) Address of Issuer’s Principal Executive Offices: 10 Bukit Batok Crescent, #10-01, The Spire, Singapore 658079

 

ITEM 2.

 

2(a) Name of Person Filing:

(i) Davis & KT Holdings Pte. Ltd.

(ii) Li Peng Leck

 

2(b) Address of Principal Business Office, or if None, Residence:

(i) Davis & KT Holdings Pte. Ltd.

10 Bukit Batok Crescent, #10-01, The Spire, Singapore 658079

 

(ii) Li Peng Leck

90 Chun Tin Road Singapore 599666

 

2(c) Citizenship:

(i) Davis & KT Holdings Pte. Ltd.

Singapore

 

(ii) Li Peng Leck

Singapore  

 

2(d) Title of Class of Securities:

Ordinary shares, par value $0.000000430108 per share

 

2(e) CUSIP Number:

G2677P105

 

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.

 

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

 

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

 

Not applicable.

 

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

 

Not applicable.

 

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

 

Not applicable.

 

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

 

Not applicable.

 

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

 

Not applicable.

 

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