BANK BORROWINGS |
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BANK BORROWINGS | NOTE 7 － BANK BORROWINGS
Bank borrowings consisted of the following: SCHEDULE OF BANK BORROWINGS
As of May 31, 2025, all bank borrowings were obtained from a financial institution in Singapore, bore annual interest at a fixed rate of 2.0% and matured in December 2025. The bank borrowings were repaid in full and the Company has no outstanding bank debt as of May 31, 2026.
The Company’s bank borrowings were guaranteed by the personal guarantee of Mr. Lim CP and by the corporate guarantee of E U Holdings.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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