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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.