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Globavend (NASDAQ: GVH) taps AI-focused leader to run Loomi digital unit

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Form Type
6-K

Rhea-AI Filing Summary

Globavend Holdings Limited completed the acquisition of 70% of the equity interests in Loomi Entertainment Group Limited through its wholly owned subsidiary for a nominal cash consideration of US$70. Loomi Group is now 70% owned by Globavend and 30% by its co‑founder, Fuk Yan (Sharon) Tse.

Following closing, Globavend created and filled the new role of Chief Executive Officer of Loomi Group, appointing Ms. Tse to lead operations and strategy for its digital entertainment and AI-driven media production business. The company highlights this as part of a broader diversification beyond logistics into next-generation digital media platforms.

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Insights

Globavend formalizes its shift into AI-driven digital entertainment via a small Loomi acquisition and leadership hire.

Globavend has closed the purchase of 70% of Loomi Group for a nominal US$70 cash consideration. While the price is symbolic, the transaction confirms a strategic move beyond e-commerce logistics into AI-enabled media production and entertainment video services in Southeast Asia.

Appointing Sharon Tse, who has over 18 years of experience in AI, digital imaging, and marketing, to lead Loomi Group aligns leadership with this strategy. Her background at Pictureworks and in Web3 and ticketing platforms suggests a focus on integrating AI across the production and distribution pipeline, though execution will depend on market adoption.

The filing also reiterates typical forward-looking risks, including realizing anticipated benefits from the acquisition, integrating new lines of business, talent retention, and competitive and macroeconomic pressures. Future company reports may clarify revenue contribution from Loomi and progress on AI-powered content initiatives.

Loomi equity acquired 70% of equity interests Acquisition of Loomi Entertainment Group Limited
Purchase consideration US$70 cash Nominal consideration payable at closing
Post-deal ownership 70% Globavend, 30% Ms. Tse Loomi Group equity split after closing
CEO experience Over 18 years AI development, digital imaging and marketing
Annual report period referenced Year ended September 30, 2025 Form 20-F risk factors cited
Report incorporation Form F-3 File No. 333-290675 6-K incorporated by reference
digital entertainment financial
"transformational move into the digital entertainment industry"
AI-powered media production platform technical
"a digital entertainment company with an AI-powered media production platform"
A software service that uses artificial intelligence to create, edit, and manage audio, video, images and written content, often automating tasks such as scripting, editing, voiceover generation and formatting. Investors care because it can cut production costs, speed delivery, and scale output—similar to an automated assembly line for content—potentially boosting margins, enabling faster growth and creating new revenue or distribution opportunities for media businesses.
Web3 marketing solution platform technical
"a Web3 marketing solution platform bridging Web2 and Web3"
forward-looking statements regulatory
"This press release may contain “forward-looking” statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
mergers and acquisitions financial
"risks associated with pursuing M&A initiatives and expanding into new lines of business"
Mergers and acquisitions are processes where companies combine or one company purchases another to grow or improve their business. Think of it like two teams joining forces or one team buying out another to become stronger and more competitive. These activities matter to investors because they can influence a company's value, future growth, and overall market position.
Risk Factors section regulatory
"the other risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report"

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number 001-41831

 

Globavend Holdings Limited

(Registrant’s Name)

 

Office 1401, Level 14, 197 St Georges Tce,

Perth, WA 6000,

Australia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

As reported in its Current Report on Form 6-k dated May 15, 2026, on May 15, 2026, Globavend Holdings Limited, a Cayman Islands exempted company (the “Company”) announced that Risemind Holdings (Cayman) Limited, a wholly-owned subsidiary of the Company entered into a definitive share purchase agreement with Zenith Green Limited to acquire 70% of the equity interests of Loomi Entertainment Group Limited (“Loomi Entertainment”, together with its subsidiaries, “Loomi Group”) at the nominal consideration of US$70, payable in cash upon closing (the “Transaction”). The Transaction closed on May 19, 2026.

 

Following the close of the Transaction, Loomi Group is owned by the Company as to 70% and by Fuk Yan Tse (Sharon) (“Ms. Tse”) as to 30%. In connection with the closing of the Transaction, the Company announced the appointment of Ms. Tse as chief executive officer of Loomi Group, overseeing the operations and strategy of the Company’s digital entertainment business. The biography of Ms. Tse is as follows:

 

Ms. Tse has over 18 years of work experience in artificial intelligence (AI) development, digital imaging and marketing business. Since March 2023, Ms. Tse has served as managing director and chief executive officer of Pictureworks International Holdings Limited, a Malaysian imaging solutions technology company specializing in digital imaging and information solutions in southeast Asia, in which she resigned effective June 2026. While at Pictureworks, Ms. Tse led a multi-market team across Asia to integrate AI into the digital imaging business, transforming a traditional model and significantly improving operational efficiency and scalability. She is also a founder of Colorverse Limited, a Web3 marketing solution platform bridging Web2 and Web3, and a co-founder of WeTix, a leading Malaysian all-in-one entertaining ticketing platform in which she served as the chief marketing officer during the period between November 2018 and November 2021.

 

Ms. Tse received a Bachelor of Mass Communication (Advertising and Media Communication) from the Queensland University of Technology, Australia in December 2024.

 

This Report is incorporated by reference into the registration statement on Form F-3 (File No. 333-290675) of the Company, filed with the Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

The Company issued a press release with respect to the foregoing, a copy of which is attached to this Report as Exhibit 99.1 and incorporated herein by reference.

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release, dated as of May 19, 2026

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  GLOBAVEND HOLDINGS LIMITED
     
  By: /s/ Kai Man Fung
  Name:  Kai Man Fung
  Title: Chairman of the Board

 

Date: May 19, 2026

 

3

Exhibit 99.1

 

Globavend Welcomes Pictureworks CEO to Lead Its AI-Driven Entertainment Business

 

PERTH, AUSTRALIA, May 19, 2026 -- (GLOBE NEWSWIRE) -- via IBN -- Globavend Holdings Limited (NASDAQ: GVH) (“Globavend” or the “Company”), an emerging e-commerce logistics provider and digital entertainment company, today announced the appointment of Fuk Yan Tse, known as Sharon Tse (“Ms. Tse” or “Sharon”), as Chief Executive Officer of Loomi Group, the operating arm of the Company’s digital entertainment business. This newly created position follows the Company’s transformational move into the digital entertainment industry. Ms. Tse will oversee the operations and strategy of the Company’s digital entertainment business following the completion of the acquisition of Loomi Entertainment Group Limited and its subsidiaries (“Loomi Group”).

 

“We are thrilled to welcome Sharon to Globavend as we strategically expand into digital entertainment and AI-enabled media production,” said Kenny Fung, Chairman of Globavend. “Her exceptional track record in driving growth and expanding Pictureworks makes Sharon the ideal leader to accelerate our strategic initiatives and deliver long-term shareholder value. As we continue to grow our legacy logistics operations, Globavend is diversifying its operating model beyond traditional logistics into next-generation digital media platforms.”

 

Ms. Tse brings more than 18 years of proven executive leadership in AI development, digital imaging and marketing. She has stepped down from her current role as Managing Director and Chief Executive Officer of Pictureworks International Holdings Limited, a Malaysian imaging technology company, where she led a multi-market team across Asia in integrating AI into the digital imaging business and joined Globavend to lead its digital entertainment business. She also has deep expertise in integrating AI into business as the founder of a Web3 marketing solutions platform bridging Web2 and Web3 and a leading Malaysian all-in-one entertainment ticketing platform.

 

“I am thrilled to join Globavend at this transformational moment,” said Sharon Tse, the incoming Chief Executive Officer of Loomi Group. “AI is fundamentally changing how entertainment content is created and delivered — and Loomi Group is built for exactly this shift. By harnessing our proprietary technology and AI across the full production and distribution pipeline, we can move faster, create smarter, and reach audiences at a scale that was simply not possible before. I believe this uniquely positions us to reshape the entertainment industry and capture a significant growth of the market.”

 

Globavend previously announced the proposed acquisition of Loomi Group, a digital entertainment company with an AI-powered media production platform. The transaction closed on May 19, 2026. Following the close of the transaction, Globavend owns 70% of the equity interests in Loomi Group, and Ms. Tse continues to own the remaining 30%.

 

 

 

 

About Globavend Holdings Limited

 

Globavend Holdings Limited is an emerging e-commerce logistics provider and digital entertainment company. As a logistics provider, it offers end-to-end integrated cross-border logistics solutions in Hong Kong, Australia, and New Zealand, primarily serving enterprise customers, including e-commerce merchants and operators of e-commerce platforms, and facilitating business-to-consumer (B2C) transactions. 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. As a digital entertainment company, Globavend provides entertainment video services to audiences in Southeast Asia through its mobile application and maintains a self-developed, proprietary AI-powered media production platform that offers end-to-end cinematic production to support content creation by professional producers and creators.

 

Forward-Looking Statements

 

This press release may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on the Company’s beliefs and assumptions and on information currently available to its management. All statements in this press release other than statements of historical fact are forward-looking statements, including statements regarding the business of Loomi Group, the Company’s strategic direction, and its transformational initiatives. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the Company’s ability to successfully realize the anticipated benefits of the Loomi Group acquisition; risks associated with pursuing M&A initiatives and expanding into new lines of business; risks related to the ability to attract and retain qualified employees and key personnel; competitive pressures; changes in consumer behavior; intellectual property risks and the protection thereof; global economic or market conditions; changes in operating plans or funding requirements; and the other risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended September 30, 2025, and in subsequent reports filed with the SEC. Forward-looking statements represent the Company’s beliefs and assumptions only as of the date of this press release. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance, or achievements. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements for any reason after the date of this press release, whether to conform them to actual results or to changes in its expectations.

 

For investor and media inquiries, please contact:

 

Globavend Holdings Limited

Kenny K. M. Fung, Chairman
kennyfung@risemindtech.com
888.201.1623

 

https://globavend.com/

 

 

FAQ

What transaction involving Loomi Group did Globavend (GVH) complete?

Globavend completed the acquisition of 70% of Loomi Entertainment Group Limited through a wholly owned subsidiary for a nominal cash consideration of US$70. After closing, Globavend holds 70% of Loomi Group, while Fuk Yan (Sharon) Tse retains the remaining 30%.

Who is leading Globavend (GVH) digital entertainment business after the Loomi deal?

Fuk Yan (Sharon) Tse has been appointed Chief Executive Officer of Loomi Group, Globavend’s digital entertainment arm. She will oversee operations and strategy, bringing more than 18 years of experience in AI development, digital imaging, marketing, Web3 solutions, and entertainment ticketing platforms.

How does the Loomi Group acquisition fit Globavend (GVH) strategy?

The Loomi Group acquisition supports Globavend’s diversification beyond traditional logistics into digital entertainment and AI-enabled media production. Management describes this as a transformational move, leveraging Loomi’s AI-powered media production platform while continuing to grow Globavend’s legacy cross-border e-commerce logistics operations.

What ownership structure does Loomi Group have after joining Globavend (GVH)?

Following the transaction closing on May 19, 2026, Globavend owns 70% of Loomi Group’s equity interests. Fuk Yan (Sharon) Tse, Loomi’s co‑founder and newly appointed CEO, continues to own the remaining 30%, aligning her leadership role with a retained equity stake.

What experience does Sharon Tse bring to Globavend (GVH) and Loomi Group?

Sharon Tse brings over 18 years of experience in AI development, digital imaging and marketing. She has led Pictureworks International Holdings, founded a Web3 marketing solutions platform, and co‑founded WeTix, providing her with multi-market technology and entertainment industry expertise for Loomi Group.

Filing Exhibits & Attachments

1 document