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Alpha Professional Holdings Faces Arbitration Setback

Story Highlights
  • Alpha Professional Holdings is involved in a legal dispute over debts with Bubs Australia.
  • Arbitration ruling leads to scaled-down operations for two subsidiaries, but others remain unaffected.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alpha Professional Holdings Faces Arbitration Setback

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The latest update is out from Alpha Professional Holdings Ltd. ( (HK:0948) ).

Alpha Professional Holdings Limited, through its subsidiaries, is involved in a legal dispute with Bubs Australia Limited regarding outstanding debts. The Australian Centre for International Commercial Arbitration has ruled against Alpha Professional’s subsidiaries, Willis Trading Limited and Alice Trading Limited, leading to a reassessment of trade payables and receivables totaling AUD5.7 million and AUD3.6 million, respectively. The decision has resulted in a scale-down of operations for these subsidiaries, although other subsidiaries remain unaffected. The company plans to keep shareholders informed about further developments.

More about Alpha Professional Holdings Ltd.

YTD Price Performance: 43.18%

Average Trading Volume: 23,874

Technical Sentiment Signal: Hold

Current Market Cap: HK$110M

See more insights into 0948 stock on TipRanks’ Stock Analysis page.

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