ShareholdingApr 29, 2026, 08:02 AM
GVH Controlling Shareholder Changes; New Board & Leadership
AI Summary
Globavend Holdings Ltd (GVH) announced a change in its controlling shareholder and senior management. Central Master Enterprises Limited, owned by existing CFO Mr. Tsz Ngo Yu and subsidiary director Mr. Kai Man Fung, acquired shares representing 97.7% of the Company's total voting power. Concurrently, Mr. Fung was appointed Chairman and Director, and Mr. Yu was appointed Director, while Mr. Wai Yiu Yau stepped down as Chairman but remains CEO. The Company plans to pursue mergers and acquisitions and expand into new business lines, leveraging the new controlling shareholders' expertise and connections.
Key Highlights
- Central Master Enterprises acquired 57,224 ordinary shares and 100 management shares of GVH.
- This represents 2.4% of total issued shares and 97.7% of total voting power.
- Central Master is owned by Mr. Tsz Ngo Yu (CFO) and Mr. Kai Man Fung (subsidiary director).
- Mr. Kai Man Fung appointed Chairman and Director, effective April 29, 2026.
- Mr. Tsz Ngo Yu appointed Director, in addition to his current CFO position.
- Mr. Wai Yiu Yau stepped down as Chairman but remains CEO.
- Company plans to leverage new shareholders' expertise for M&A and business expansion.