Magic Empire Global Limited Announces Strategic Expansion into Commodity Trading and Supply Chain Finance, Establishing Dual Core Business Model
Key Highlights
- ➤MEGL establishes commodity trading and supply chain finance as dual core businesses
- ➤Lunar Haste targets timber, iron ore, thermal coal and metallurgical coal trading
- ➤MEGL completed its first commodity trading transaction in fourth-quarter 2026
- ➤Supply chain finance may include pre-export, inventory, receivables and letter-of-credit financing
Expert Statements
Mei Wang, CFO of MEGL
“Our management team has spent more than 30 years building relationships across global commodity supply chains, and we have established a mature partnership network spanning North America, Europe and Africa”
Mei Wang, CFO of MEGL
“By pairing that industry expertise with MEGL's financial services capabilities, we can offer our partners both reliable trading channels and tailored financing.”
Mei Wang, CFO of MEGL
“Commodity trading and supply chain finance will be the two pillars of MEGL's growth going forward.”
Hong Kong, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (NASDAQ: MEGL) ("MEGL" or the "Company") today announced a new strategic initiative to expand into international commodity trading and supply chain finance, building on its established financial services platform in Hong Kong. Going forward, the Company intends to develop its business around two core pillars: commodity trading, focusing on mineral and energy resources, and financial services, centered on supply chain finance.
The Company has established a wholly-owned subsidiary in Hong Kong, Lunar Haste International Trading Limited, through which it is developing an integrated business comprising two complementary segments:
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