IFBH(06603) will be open for subscription from June 20th to June 25th, and is expected to be listed on June 30th.

IFBH(06603) will be listed from June 20th to June 25th, 2025. The company plans to issue 41.668 million shares, with 10% for sale in Hong Kong and 90% for international sale, with an additional 15% over-allotment option. The sale price per share is between 25.3-27.8 HKD, with a minimum purchase of 200 shares per lot. The shares are expected to start trading on the Stock Exchange on June 30th, 2025 (Monday). The company is a Thailand-based producer of ready-to-drink beverages and snacks. Established in 2013, the IF brand introduced natural coconut water to the mainland China market (the company's largest market). Apart from mainland China, the company's products are also popular in markets such as Hong Kong, Singapore, and Taiwan in Asia, with expansions into other global markets underway. The company focuses on product quality and development, successfully creating a brand with high consumer recognition and interest. According to a consulting report, based on retail sales, the company has achieved the following milestones: - Number one in the mainland China coconut water beverage market. The company has held the top position in the mainland China coconut water beverage market for five consecutive years since 2020, with a market share of approximately 34% in 2024, surpassing the second-largest competitor by more than seven times. - Number one in the Hong Kong coconut water beverage market. The company has been leading in the related markets of coconut water in Hong Kong for nine consecutive years since 2016, with a market share of approximately 60% in 2024, surpassing the second-largest competitor by more than seven times. - The second-largest coconut water beverage company globally in 2024. The company, the sole sponsor, and the exclusive coordinator have entered into cornerstone investment agreements with cornerstone investors, who have agreed to subscribe for or cause to be subscribed an aggregate amount of approximately USD 39.5 million at the offer price (excluding brokerage commissions, SFC transaction levy, HKEX trading fee) for the purchase of sale shares (rounded down to the nearest whole trading unit of 200 shares). Assuming the offer price per share of 26.5 HKD (the mid-range of the offer price range in this prospectus), the company estimates that it will receive a net amount of approximately 1.022 billion HKD from the global offering, after deducting underwriting commissions and other estimated expenses, assuming no exercise of the over-allotment option. Approximately 30% will be used to strengthen the company's warehousing and distribution capabilities. Approximately 22% will be used for brand building. Approximately 13% will be used to consolidate the company's market position and penetration in mainland China, expand business in Australia, the Americas, and Southeast Asia. Approximately 5% will be used to enhance the company's development capabilities. Approximately 20% will be used to establish strategic alliances and acquisitions in Asia, North America, or Australia to expand operations. Approximately 10% will be used for working capital and other general corporate purposes.