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

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

TOP PICKS

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
READ FULL ARTICLE