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AB InBev (ABI BB) Calls off IPO of Budweiser APAC (1876 HK)

AB InBev (ABI BB) says not pursuing IPO of Budweiser APAC (1876 HK), the company say it has decided at this time to AB InBev (ABI BB) not proceed with the public offering of a minority stake in its Asia Pacific subsidiary on the Hong Kong Stock Exchange. The company cites several factors including prevailing market conditions. They said they would closely monitor market conditions, while it evaluates its options. 

Budweiser APAC (1876 HK) originally planned to sell nearly 1.63 billion new shares at an indicative range of 40 to 47 HK Dollars. 

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