IFBH, the second-largest player in the global coconut water beverage market that owns the coconut water brand "if", has submitted a listing application to the Hong Kong Stock Exchange. Its sole sponsor is CITIC Securities.With a Thai background, IFBH is registered in Singapore. Last year, its revenue increased by 80.3% YoY to US$158 million, gross profit soared by 90.7% to US$57.859 million, and net profit surged by 98.9% to US$33.316 million.Related NewsHSBC Research Sees Signs of Improvement in HK Office Mkt, Recommends SWIREPROPERTIES, Hongkong Land