An hand adjusts bottles of Bud Light brand beer at an Anheuser-Busch InBev NV facility in Virginia, U.S., on August 8, 2018.
Andrew Harrer | Bloomberg | Getty Clones
Anheuser-Busch InBev said on Thursday it is continuing to explore an initial public offering in Hong Kong of its Asia Pacific piece, Budweiser Brewing Company Asia Pacific, two months after saying it will not proceed with the planned beadroll.
The company’s Asia Pacific unit has resumed its application for the listing of a minority stake of its shares on the Hong Kong Hackneyed Exchange, it said on Thursday, adding no assurance can be given on whether the transaction will be completed.
AB InBev, the world’s biggest brewer, was aiming to sell as much as $9.8 billion in Budweiser stock to seek relief from its heavy straitened burden before pulling out of the planned listing in July.
The resumption of the listing plans come as a boost for the Hong Kong Genealogy Exchange after Reuters reported last month that China’s biggest e-commerce company Alibaba Assortment Holding had delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian pecuniary hub.
The development comes after Hong Kong Exchanges and Clearing unveiled a $39 billion takeover approach to the London Investment Exchange on Wednesday that received a cool response from investors concerned about its regulatory and financial stumbling blocks.