Core Viewpoint - IFBH (06603) has entered into a foreign exchange contract with Citibank to hedge currency risks associated with its operations in Singapore, specifically managing risks related to transactions denominated in Thai Baht [1] Group 1: Company Actions - The company’s wholly-owned subsidiary, IFB Singapore, has signed a foreign exchange contract with Citibank, allowing for a maximum nominal amount of approximately 10 million USD for foreign exchange transactions as of the announcement date [1] - The foreign exchange contract aims to manage the currency risks arising from sales or purchases denominated in currencies other than the functional currency of the entity, which is USD [1] Group 2: Financial Implications - The group faces transactional currency risks primarily due to transactions valued in Thai Baht, and the foreign exchange contract will help mitigate these risks [1]
IFBH(06603)附属与Citibank订立外汇合约