DUE FROM RELATED PARTY |
6 Months Ended |
|---|---|
Jan. 31, 2026 | |
| DUE FROM RELATED PARTY | |
| DUE FROM RELATED PARTY | NOTE 6 – DUE FROM RELATED PARTY
On July 8, 2025, the Company and RAC Merger LLC (“RAC Merger”) entered into a share purchase agreement in order to sell 100% issued and outstanding shares of RAC Real Estate Acquisition Corp., to RAC Merger for a total purchase amount of $2,374,896. RAC Merger is owned by certain shareholders, officers and directors of the Company or its wholly owned subsidiary, RAC Real Estate Acquisition Corp. During the year ended July 31, 2025, RAC Merger as a majority shareholder of the Company, was paid a part of purchase price in the form of the property it received which equalled the amount $2,339,273. During the six months ended January 31,2026, RAC Merger advanced to the Company an amount of $1,160 by paying for operating expenses on behalf of the Company. As of January 31, 2026, and July 31, 2025, RAC Merger owed to the Company$34,463 and $35,623, which is payable as a dividend to the remaining minority shareholders of the Company, respectively. |