Globavend Holdings (NASDAQ: GVH) announced a definitive agreement to acquire a 70% equity interest in Loomi Entertainment Group for a nominal consideration of $70, marking the company’s planned expansion beyond e-commerce logistics into digital entertainment. Through the proposed acquisition, Globavend would gain access to Loomi’s Southeast Asia-focused short drama platform and AI-powered content creation capabilities, supporting its strategy to diversify into high-growth digital media and entertainment markets.
To view the full press release, visit https://ibn.fm/BWVyU
About Globavend Holdings Limited
Globavend Holdings Limited, an emerging e-commerce logistics provider, offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand. The Company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions. As an e-commerce logistics provider, Globavend delivers integrated cross-border logistics services from Hong Kong to Australia and New Zealand. It provides customers with a comprehensive solution, encompassing pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery.
For more information, visit https://globavend.com/
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