Thai beverage company IFBH secures $314.8b in margin loans

Thai beverage and food company IFBH, parent company of coconut water drink brand IF, has reportedly pulled in margin loans of around HK$314.8 billion, making its retail tranche 2690 times oversubscribed, local media reported.

IFBH became the fourth largest initial public offering in Hong Kong by oversubscription rate and margin loans, with the rate exceeding that of Chinese online health insurance company Shouhui Group (2621) 989 times, and loans beating Chinese drug developer and producer Jiangsu Hengrui Pharmaceuticals’ (1276) HK$247.4 billion.

Local media reports that IFBH was subscribed by around 238,000 people.

The firm issued 41.7 million shares to raise HK$1.16 billion.

STAFF REPORTER