Alice Trading, a subsidiary of Alpha Professional Holdings Ltd, has recently received a statutory demand from solicitors representing IFC, a subsidiary of Bubs Australia. This demand relates to a judgment debt under an arbitration award, including interest and arbitration costs. Alice Trading, which has scaled back operations following the end of its business relationship with Bubs Australia, is required to settle the debt within three weeks or face a potential winding-up petition. The Board of Alpha Professional Holdings Ltd is currently seeking legal advice and considering measures to protect the interests of the company and its shareholders.
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