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Globavend closes Loomi Entertainment acquisition, takes 70% stake

PUBT·05/19/2026 20:01:55
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Globavend closes Loomi Entertainment acquisition, takes 70% stake
  • Globavend completed its acquisition of Loomi Entertainment Group and its subsidiaries on May 19, 2026, taking a 70% equity stake in the AI-powered digital entertainment business.
  • Sharon Tse was appointed chief executive officer of Loomi Group, the operating arm of Globavend’s digital entertainment unit, to lead operations and strategy following the close.
  • Tse retained the remaining 30% interest in Loomi Group.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Globavend Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-058987), on May 19, 2026, and is solely responsible for the information contained therein.