🟢 Globavend is trading 13.23% up in pre-market; October 27 subsidiary announcement not confirmed as catalyst

Globavend is trading at $0.93, up 13.23% in pre-market, with no confirmed catalyst.

• On October 27, Globavend announced the creation of Loomi Shenzhen Entertainment Technology Company Limited, a non-wholly-owned subsidiary intended to support expansion of its digital entertainment business in mainland China.
• No separate October 28 announcement or verified catalyst was identified. Market indicators are mixed and do not clearly explain the move.