Globavend Closes Loomi Entertainment Acquisition, Appoints AI Expert Sharon Tse as CEO of New Digital Entertainment Arm

summarizeSummary

Globavend Holdings Ltd. has finalized its acquisition of 70% of Loomi Entertainment Group Limited, marking its strategic expansion into AI-powered digital entertainment, and appointed experienced AI and digital imaging executive Sharon Tse as Loomi Group's CEO.

check_boxKey Events

• Acquisition Closed

  Globavend Holdings Ltd. completed the acquisition of 70% of Loomi Entertainment Group Limited for a nominal consideration of US$70, as previously announced on May 15, 2026.

• New CEO Appointed for Loomi Group

  Sharon Tse, an executive with over 18 years of experience in AI development, digital imaging, and marketing, was appointed Chief Executive Officer of Loomi Group, Globavend's new digital entertainment business.

• Strategic Expansion Finalized

  The closing of the acquisition and Ms. Tse's appointment solidify Globavend's strategic expansion into the digital entertainment industry with an AI-powered media production platform.

• Leadership Alignment

  Ms. Tse retains a 30% equity interest in Loomi Group, aligning her incentives with the success and growth of Globavend's new digital entertainment business.

auto_awesomeAnalysis

This filing confirms the completion of Globavend's previously announced acquisition of Loomi Entertainment, solidifying its strategic pivot into the digital entertainment sector. The appointment of Sharon Tse, an executive with extensive experience in AI development and digital imaging, as CEO of the newly acquired Loomi Group is a critical step for executing this new business strategy. Her 30% ownership stake in Loomi further aligns her incentives with the success of this new venture, which is significant for a micro-cap company undergoing a "transformational" shift.