MEGL Enters into Strategic Cooperation with Singapore’s SIN HOPEWAY for USD 500 Million Timber Trade
Key Highlights
- ➤MEGL signs five-year timber cooperation with Singapore’s SIN HOPEWAY
- ➤US$500 million cumulative trade target is non-binding and not guaranteed
- ➤MEGL expands into commodity trading and cross-border supply chain finance
- ➤Transactions depend on separate contracts, timber prices, policies, logistics and force majeure
Hong Kong, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Magic Empire Global Limited (“MEGL” or the “Company”) today announced that on October 22, 2026, it entered into a letter of intent (the “Letter of Intent”) with Singapore-based commodity trading enterprise SIN HOPEWAY PTE. LTD., for a five year strategic cooperation to develop an international timber import and export supply chain business, commencing from the date of the Letter of Intent. During the five-year cooperation period, the Company, having completed its strategic industrial upgrade, shall supply SIN HOPEWAY PTE. LTD. with raw timber materials. The cumulative target trade volume between the parties shall be US$500 million.
SIN HOPEWAY PTE. LTD. is a local compliant trading enterprise in Singapore, focusing on global international commodity trade. It has long been engaged in cross-border timber trade and international re-export trade, owning high industry recognition, a mature overseas supply chain system and solid practical experience in cross-border trade operations．
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