Tag: beverage

Jinro delays its offering in order to add information to its prospectus, while the international bookbuilding reveals that the indicated price range was too high. There are clear signs of change in Japan Inc as bitter rivals discuss a merger. One of China's richest men pays $235 million for Anheuser-Busch InBev's final 7% stake in the Chinese brewery. The deal size is reduced to $202 million as initial terms prove too tight for investors. The Singapore-listed company raises $93 million to boost its stake in a fishing subsidiary. Pent-up demand helps push pricing to the aggressive end. Carlsberg sells remaining 13.1% stake in Korea's Hite Brewery for $235 million as markets slump. Biggest IPO by a food and beverage company globally this year after price is fixed above the bottom of the range despite challenging markets. India has dominated Asian CB issuance this year, but with three CBs in a week from outside the subcontinent, does this mark a more regional trend? Dominance in home market seen to make stock a good play on consumption and the Thai economy. Part of $230 million proceeds targeted for debt repayment.