On 30 June 2025, IFBH Limited (6603.HK, IFBH) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 1.16 billion. CBI is honored to participate in the due diligence work for this IPO Project.

IFBH is a ready-to-consume beverage and food company rooted in Thailand. The company’s product portfolio is centered around two trusted brands with Thai roots, their flagship brand, if, and Innococo with 32 products on offer in total.

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, senior management, shareholders, suppliers and customers. In addition to the basic information such as litigation, bankruptcy, winding-up and media records, CBI also assisted the sponsor team in conducting reputation intelligence. The due diligence project globally covered 5 countries and regions, including China, Hong Kong, Thailand, Singapore and Malaysia.