• Globavend agreed to buy 70% of Loomi Entertainment Group from Zenith Green for nominal consideration of $70, with closing expected on or before May 22, 2026.
• Deal expands Globavend beyond e-commerce logistics into digital entertainment, centered on Loomi’s mobile short-drama app serving Southeast Asia.
• Loomi operations include subsidiaries in Malaysia, Singapore, Hong Kong, with AI-based production platform “Imaginary” used to generate micro-drama and animation content.
• Upon closing, Loomi will be consolidated into Globavend financial statements, including an interest-free shareholder loan of about USD 550,000 owed to seller.

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 GlobeNewswire (Ref. ID: 202605150800PRIMZONEFULLFEED9720595) on May 15, 2026, and is solely responsible for the information contained therein.