Globavend Holdings Ltd

Globavend Holdings Ltd has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., allowing the company to sell up to $20 million of its ordinary shares over 36 months. The shares will be purchased at a discount to the volume-weighted average price. Globavend has paid a $35,000 structuring fee and will pay a $200,000 commitment fee, with proceeds from the share sales intended for general corporate purposes as outlined in a future prospectus.

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.

Globavend Holdings Limited announced its wholly-owned subsidiary, Risemind Holdings (Cayman) Limited, will acquire 70% of Loomi Entertainment Group Limited for a nominal cash consideration of US$70. This strategic acquisition marks Globavend's expansion into the digital entertainment industry, aiming to diversify its income stream beyond e-commerce logistics. Loomi Group is an AI-enabled digital entertainment company specializing in short-form micro dramas for Southeast Asian audiences, operating through its "Loomi: Short Drama" mobile application and proprietary AI platform "Imaginary." The seller, Zenith Green Limited, is wholly-owned by Globavend's CFO and director, Tsz Ngo Yu, and Loomi Group has an existing interest-free shareholder loan of approximately US$550,000 due to Zenith Green.

Globavend Holdings Limited announced a change in its controlling shareholder and significant changes to its board and management. Mr. Wai Yiu Yau sold his controlling stake, representing 97.7% of voting power, to Central Master Enterprises Limited, which is owned by CFO Mr. Tsz Ngo Yu and subsidiary director Mr. Kai Man Fung. Mr. Fung has been appointed as the new Chairman of the Board, while Mr. Yau remains CEO. The company plans to leverage the new shareholders' expertise for mergers, acquisitions, and business expansion.

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.