Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters
Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters
IPO
Business /  Companies

Budweiser, Hong Kong’s biggest IPO in 2019, reports lower profit on weaker `nightlife channel,’ price fight in South Korea

  • Shares slide after regional arm of world’s biggest brewer says it faced ‘softness’ in nightlife channel in China
  • Budweiser Brewing Company APAC raised US$5 billion last month in Hong Kong’s biggest IPO this year

Topic |   IPO
Chad Bray
Chad Bray

Updated: 11:01pm, 25 Oct, 2019

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Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters
Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters
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