Alpha Professional Holdings Ltd has issued an update regarding its subsidiary, Alice Trading, which is facing operational challenges due to the termination of its business relationship with its former sole supplier, Bubs Australia. As a result, Alice Trading has scaled down its operations and currently holds minimal assets. Additionally, Willis Trading, another subsidiary, is experiencing financial difficulties as its main asset, an investment property in New South Wales, Australia, is mortgaged for a loan that is now in default. The Board of Alpha Professional Holdings expects that these issues will not significantly impact the operations of the Group's other subsidiaries. The company is actively seeking legal advice and considering measures to protect shareholder interests, with further updates to be provided as developments occur.
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