Magic Empire Global secures $100 million credit facility from Anyu International
MEGL•Magic Empire Global secured a five-year, annually reviewed $100 million credit facility from Anyu International to fund timber supply chain trading. The funding supports a five-year framework with SIN HOPEWAY contemplating transactions worth up to $500 million.
1. Facility terms
Magic Empire Global said the facility is exclusively for timber procurement, related supply chain operations and settlement. It supports a five-year timber cooperation framework with SIN HOPEWAY that contemplates transactions worth up to $500 million.
