Willis Trading Limited, a wholly-owned subsidiary of Alpha Professional Holdings Ltd, has defaulted on a loan of HK$60,000,000 originally due for repayment on June 16, 2025. The loan was granted by AP Diamond Limited and was secured by a mortgage on an investment property held by GA Australia Investment Pty Ltd, another subsidiary under Willis Trading. Despite the default, the board of Alpha Professional Holdings has indicated that the operations of its other subsidiaries will remain unaffected. The fair value of the investment property was estimated at AUD8,200,000 as of September 30, 2024. Shareholders and potential investors have been advised to exercise caution when dealing with the company's shares, and further updates will be provided as developments occur.
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