Globavend Acquires 70% Equity in Loomi Entertainment for $70
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
0mins
Globavend announced that it has entered into a definitive agreement with Zenith Green to acquire 70% of the equity interests in Loomi Entertainment for the nominal consideration of $70. Subject to customary closing conditions, the transaction is expected to close on or before May 22. Upon closing of the transaction, Loomi Entertainment will become a non-wholly-owned subsidiary of the company and the financial results, assets and liabilities of Loomi Group, which include an existing interest-free shareholder loan of approximately $550,000 due and owing to the Vendor, will be consolidated into the company's consolidated financial statements. Integration planning is currently underway, and the company intends to provide further updates following the closing of the transaction.
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About GVH
Globavend Holdings Limited is an e-commerce logistics provider, offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand. The Company formulates and implements integrated, end-to-end, cross-border logistics solutions for its customers with the provision of air freight forwarding services and related logistics services as its principal business. Its business model principally involves the provision of integrated cross-border logistics services, which include air freight forwarding services offered as an integral part thereof; and air freight forwarding services, offered as a modularized logistics service segmented from its integrated cross-border logistics services. Its integrated cross-border logistics services also provide related logistics services, which include pre-carriage parcel drop-off, parcel consolidation, airfreight forwarding, customs clearance, on-carriage parcel transportation, and final delivery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Compliance Assurance: The offering was conducted under an SEC registration statement, ensuring compliance and reducing potential legal risks, which bolsters investor confidence.
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See More
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