Globavend Expands into Digital Entertainment Through Proposed Acquisition of Loomi Entertainment

PERTH, Australia, May 15, 2026 (GLOBE NEWSWIRE) -- via IBN -- Globavend Holdings Limited (NASDAQ: GVH) (“Globavend” or the “Company”), an emerging e-commerce logistics provider, today announced that it has entered into a definitive agreement with Zenith Green Limited (the “Vendor”) to acquire 70% of the equity interests in Loomi Entertainment Group Limited (“Loomi Entertainment”, together with its subsidiaries, “Loomi Group”), a digital entertainment company engaging in the production and distribution of digital entertainment solutions for the nominal consideration of $70. Subject to customary closing conditions, the transaction is expected to close on or before May 22, 2026.