Arax Holdings Corp. (OTCPK:ARAT) signed a letter of intent to acquire 75% stake in Core Business Holdings s.r.o. from Konrad Business s.r.o and other minority owners for ?18 million on December 13, 2022. Transaction is subject to the usual closing requirements, the transaction is anticipated to close in the upcoming two months. arTax Consult s.r.o acted as business consultants and tax advisors to Arax Holdings Corp.

Arax Holdings Corp. (OTCPK:ARAT) completed the acquisition of 100% stake in Core Business Holdings s.r.o. from Konrad Business s.r.o and other minority owners on April 25, 2023. As part of the acquisition of the Core Business Holdings, 90,215,096 shares of common stock was issued and 4,870,134 are to be issued.