(Sept 24): The world’s biggest brewer should raise a glass to Singapore. Anheuser-Busch InBev NV can probably thank the city-state’s sovereign wealth fund for saving its Asian unit’s Hong Kong initial public offering from an ignominious second failure. GIC committed to invest US$1 billion ($1.38 billion) in Budweiser Brewing Company APAC, which raised about US$5 billion after pricing its shares at the bottom of a marketed range.

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