Davis Commodities Limited to Sign USD 15 Million Agarwood Oil Distribution MOU with Dadvance Agarwood Solutions
Davis Commodities Limited (DTCK)
Company Research
Source: GlobeNewswire
SINGAPORE, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Strengthening its portfolio with a high-value wellness and luxury commodity, Davis Commodities takes another strategic step toward market diversification. Davis Commodities Limited (NASDAQ: DTCK), a Singapore-based global leader in agricultural commodity trading, proudly announces the signing of a Memorandum of Understanding (MOU) with Dadvance Agarwood Solutions Sdn. Bhd., Malaysia’s foremost agarwood biotech company. This partnership positions Davis Commodities as the exclusive distribution partner for Dadvance’s premium-grade agarwood oil, with the agreement valued at USD 15 million. This strategic move aligns with Davis Commodities’ mission to expand its product offerings and cater to the growing demand for sustainable, high-value commodities in wellness and luxury markets worldwide. Strengthening Davis Commodities’ Portfolio with “Liquid Gold” Agarwood oil, often referred to as “liquid gold,” is one of the most so
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DTCK
Sec Filings
- 12/23/24 - Form 6-K
- 12/10/24 - Form SC
- 11/27/24 - Form EFFECT
- DTCK's page on the SEC website