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Alpha Professional Holdings Ltd. ( (HK:0948) ) has issued an update.
Alpha Professional Holdings has initiated a creditors’ voluntary liquidation of its indirect wholly owned subsidiary Willis Trading Limited, a formerly active trader of milk powder and baby foods that is now insolvent and inactive. Willis Trading and its group reported no revenue, a loss of about HK$45.1 million for the year to March 31, 2025, and net liabilities of roughly HK$103.2 million as of September 30, 2025, prompting its deconsolidation from the group’s accounts.
The board considers the winding-up to be in the best interests of shareholders, as it will help reduce losses and allow the group to reallocate resources toward developing adult-formula milk products and expanding its logistics and cleaning services. Management also expects no material adverse impact on the group’s remaining operations, despite Willis Trading being treated as a major subsidiary for disclosure purposes due to the size of its assets relative to the group.
More about Alpha Professional Holdings Ltd.
Alpha Professional Holdings Limited, listed in Hong Kong, operates primarily in the trading of milk powder and food products, alongside warehouse logistics and cleaning services. The group is shifting focus within its milk products segment toward adult-formula milk products while also aiming to manage and expand its services business.
Average Trading Volume: 62,683
Technical Sentiment Signal: Sell
Current Market Cap: HK$101.8M
Learn more about 0948 stock on TipRanks’ Stock Analysis page.