MEGL Secures US$100 Million Dedicated Credit Facility to Accelerate Cross-Border Timber Trading
Key Highlights
- ➤MEGL secures US$100 million dedicated credit facility for timber trading
- ➤Facility carries a five-year term, subject to annual review
- ➤SIN HOPEWAY cooperation contemplates aggregate transaction value up to US$500 million
- ➤Funding covers timber procurement, import, warehousing, logistics, insurance and settlement
- ➤Drawdowns require trade documentation, compliance checks and risk-mitigation arrangements
HONG KONG, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Magic Empire Global Limited ("MEGL" or the "Company", Nasdaq: MEGL) today announced that it has secured a dedicated credit facility of US$100 million (the "Facility") from Anyu International Limited ("AIL") to fund its cross-border timber supply chain trading business. The Facility provides dedicated, medium-term capital support for the Company's timber procurement and cross-border trade settlement, and marks another concrete step in MEGL's strategic transformation into commodity trade and the timber industrial supply chain.
The Facility is dedicated exclusively to MEGL's cross-border timber supply chain trading business, covering the procurement, import, warehousing, logistics, insurance and related trade settlement of timber products such as logs, sawn timber, wood chips and panels. With a five-year term subject to annual review, the Facility is intended to give the Company a stable, dedicated funding source that matches the long cycle of timber procurement, shipment and settlement, reducing reliance on short-term or project-by-project financing and improving capital turnover efficiency across the trade chain.
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