MEGL Secures US$100 Million Dedicated Credit Facility to Accelerate Cross-Border Timber Trading
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. Dedicated capital for the timber trading chain The Facility is dedicated exclusively to MEGL's cross-border timbe