Alpha Professional Holdings Limited has announced the issuance of 35,000,000 new shares under a general mandate as part of a debt capitalisation arrangement. The transaction involves the allotment and issuance of these shares to Universal Way Limited, an indirect wholly-owned subsidiary of Allied Group Limited, at an issue price of HK$0.28 per share. The capitalisation will settle outstanding indebtedness owed by Willis Trading Limited, an indirect wholly-owned subsidiary of Alpha Professional Holdings, to AP Diamond. The outstanding debt amounted to HK$12,123,826.53 as of the announcement date. Completion of the transaction is expected three business days after all conditions are fulfilled or waived.

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