AcquisitionsMay 19, 2026, 08:02 AM
Globavend Completes Loomi Group Acquisition; Appoints Sharon Tse CEO
AI Summary
Globavend Holdings Ltd announced the completion of its acquisition of Loomi Group, a digital entertainment company with an AI-powered media production platform. Following the acquisition, Globavend now owns 70% of Loomi Group, with Sharon Tse retaining 30%. Concurrently, Sharon Tse has been appointed Chief Executive Officer of Loomi Group, a newly created position. This move signifies Globavend's strategic expansion into the digital entertainment industry, leveraging Ms. Tse's extensive experience in AI development and digital imaging.
Key Highlights
- Globavend completed the acquisition of Loomi Group on May 19, 2026.
- Globavend now owns 70% equity in Loomi Group; Sharon Tse owns the remaining 30%.
- Sharon Tse appointed Chief Executive Officer of Loomi Group, Globavend's digital entertainment arm.
- Ms. Tse brings over 18 years of executive leadership in AI development, digital imaging, and marketing.
- Loomi Group is an AI-powered media production platform.
- The appointment follows Globavend's strategic expansion into digital entertainment and AI-enabled media production.
Price Impact
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