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Budweiser Brewing Co. APAC Ltd. ( (HK:1876) ) has provided an announcement.
Budweiser Brewing Company APAC Limited announced that an employee of its subsidiary, Oriental Brewery Co. Ltd. (OB), has been indicted in Korea for embezzlement and commercial bribery, along with customs tax evasion related to malt importation. The company, along with OB and its executives, plans to defend against the charges, and the potential financial impact is not expected to be significant for the company overall.
The most recent analyst rating on (HK:1876) stock is a Buy with a HK$16.40 price target. To see the full list of analyst forecasts on Budweiser Brewing Co. APAC Ltd. stock, see the HK:1876 Stock Forecast page.
More about Budweiser Brewing Co. APAC Ltd.
Budweiser Brewing Company APAC Limited operates in the beverage industry, focusing primarily on brewing and distributing beer. The company is a significant player in the Asia-Pacific market, with a diverse portfolio of beer brands and a strong presence in the region.
Average Trading Volume: 23,467,486
Technical Sentiment Signal: Sell
Current Market Cap: HK$108.9B
See more data about 1876 stock on TipRanks’ Stock Analysis page.