HONG KONG (Nikkei Markets) -- The decision by Anheuser-Busch InBev to pull the plug on a multibillion-dollar share offering in Hong Kong by its Asia Pacific unit could nudge other big companies that aren't desperate for cash to delay their listing plans, weakening the city's standing as a fundraising center.
The news that Budweiser Brewing Company APAC has canceled its initial public offering comes at a challenging time for Hong Kong. Market sentiment is sagging as political troubles add to the overhang from the trade war. Meanwhile, funding costs have surged.
