IFBH Unit Signs $10 Million FX Hedging Contracts With Citibank; Shares Slip 4%

MT Newswires Live09-19

IFBH (HKG:6603) said its Singapore unit entered into foreign exchange contracts with Citibank to hedge currency risks involving the US dollar, Thai baht, and Singapore dollar, according to a Thursday Hong Kong stock exchange filing.

Shares of the beverage maker fell over 4% in Friday morning trade.

Under the agreements, IFB Singapore may conduct FX transactions with Citibank up to a notional amount of about $10 million, subject to the bank's internal approvals.

The subsidiary will place $1 million in cash collateral.

The contracts, which cover FX forwards and options, will allow IFB Singapore to manage exposures from sales and purchases denominated in foreign currencies, the company said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2568236085?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-19 11:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2568236085","market":"fut","top_or_hot":-1,"title":"IFBH Unit Signs $10 Million FX Hedging Contracts With Citibank; Shares Slip 4%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/06603\">IFBH</a> (HKG:6603) said its Singapore unit entered into foreign exchange contracts with Citibank to hedge currency risks involving the US dollar, Thai baht, and Singapore dollar, according to a Thursday Hong Kong stock exchange filing.</p><p>Shares of the beverage maker fell over 4% in Friday morning trade.</p><p>Under the agreements, IFB Singapore may conduct FX transactions with Citibank up to a notional amount of about $10 million, subject to the bank's internal approvals.</p><p>The subsidiary will place $1 million in cash collateral.</p><p>The contracts, which cover FX forwards and options, will allow IFB Singapore to manage exposures from sales and purchases denominated in foreign currencies, the company said.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IFBH Unit Signs $10 Million FX Hedging Contracts With Citibank; Shares Slip 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIFBH Unit Signs $10 Million FX Hedging Contracts With Citibank; Shares Slip 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-09-19 11:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/06603\">IFBH</a> (HKG:6603) said its Singapore unit entered into foreign exchange contracts with Citibank to hedge currency risks involving the US dollar, Thai baht, and Singapore dollar, according to a Thursday Hong Kong stock exchange filing.</p><p>Shares of the beverage maker fell over 4% in Friday morning trade.</p><p>Under the agreements, IFB Singapore may conduct FX transactions with Citibank up to a notional amount of about $10 million, subject to the bank's internal approvals.</p><p>The subsidiary will place $1 million in cash collateral.</p><p>The contracts, which cover FX forwards and options, will allow IFB Singapore to manage exposures from sales and purchases denominated in foreign currencies, the company said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06603","symbol_name":"IFBH","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2568236085","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2568236085","pubTimestamp":1758254231,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"IFBH  said its Singapore unit entered into foreign exchange contracts with Citibank to hedge currency risks involving the US dollar, Thai baht, and Singapore dollar, according to a Thursday Hong Kong stock exchange filing.Shares of the beverage maker fell over 4% in Friday morning trade.Under the agreements, IFB Singapore may conduct FX transactions with Citibank up to a notional amount of about $10 million, subject to the bank's internal approvals.The subsidiary will place $1 million in cash collateral.The contracts, which cover FX forwards and options, will allow IFB Singapore to manage exposures from sales and purchases denominated in foreign currencies, the company said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06603":"IFBH","BK1237":"包装食品与肉类"},"translate_title":"IFBH部门与花旗银行签署1000万美元外汇对冲合同；股价下跌4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06603":1.5},"content_text":"IFBH (HKG:6603) said its Singapore unit entered into foreign exchange contracts with Citibank to hedge currency risks involving the US dollar, Thai baht, and Singapore dollar, according to a Thursday Hong Kong stock exchange filing.Shares of the beverage maker fell over 4% in Friday morning trade.Under the agreements, IFB Singapore may conduct FX transactions with Citibank up to a notional amount of about $10 million, subject to the bank's internal approvals.The subsidiary will place $1 million in cash collateral.The contracts, which cover FX forwards and options, will allow IFB Singapore to manage exposures from sales and purchases denominated in foreign currencies, the company said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2568236085","isCrawlerRequest":true}