Investment strengthens company's live entertainment presence and advances its AI-powered digital entertainment strategy
PERTH, Australia, July 09, 2026 (GLOBE NEWSWIRE) -- via IBN -- Globavend Holdings Limited (NASDAQ: GVH) ("Globavend" or the "Company"), an emerging AI-powered digital entertainment company and e-commerce logistics provider, today announced that it has made a strategic investment in the MAMAMOO 2026 WORLD TOUR <4WARD> Hong Kong and will serve as one of the event's official co-organizers, marking another milestone in the Company's strategy to expand its presence across the live entertainment value chain.
The investment was made through Loomi Entertainment Group Limited ("Loomi"), Globavend's entertainment subsidiary. The investment reflects Globavend's continued execution of its strategy to build a diversified entertainment platform following its acquisition of Loomi and the launch of its proprietary AI-powered cinematic production platform, Imaginary. The concert will be held on Oct. 4, 2026, at Kai Tak Arena in Hong Kong and marks the return of internationally acclaimed K-pop girl group MAMAMOO to the city. Presented by FWD Insurance as title sponsor, the event is expected to be one of Hong Kong's premier K-pop concerts of 2026.
As a strategic investor and official co-organizer, Loomi is participating in the commercial organization of the concert alongside established regional entertainment partners, further advancing Globavend's strategy of building a diversified entertainment platform spanning AI-powered content production, live entertainment, artist collaborations and intellectual property development.
Pursuant to the investment arrangement, the Company, through Loomi, will be entitled to a pro rata share of the economic returns generated by the concert based on its capital contribution. The investment represents another significant milestone in Globavend's transformation into an AI-powered digital entertainment company.
Kai Man Fung, Chairman of Globavend, commented:
"Our strategic investment in the MAMAMOO 2026 WORLD TOUR <4WARD> Hong Kong demonstrates Globavend's commitment to building a diversified entertainment platform that combines AI-powered content creation with premium live entertainment. We believe participation in internationally recognized events enables us to strengthen industry relationships, broaden our commercial capabilities and create opportunities to integrate live entertainment with our growing portfolio of AI-driven digital content.