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Berkshire Hathaway sells $44.9 million of shares in China's BYD

BYD-BUFFETT-ELECTRIC:Berkshire Hathaway sells $44.9 million of shares in China's BYD
BYD-BUFFETT-ELECTRIC:Berkshire Hathaway sells $44.9 million of shares in China's BYD Copyright Thomson Reuters 2023
Copyright Thomson Reuters 2023
By Reuters
Published on Updated
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HONG KONG - Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Kong-listed shares of electric vehicle maker BYD for HK$351.81 million ($44.85 million), a stock exchange filing showed.

The sale lowered Berkshire's holdings in BYD's issued H-shares to 12.9% on Jan. 27, down from 13.04%, the filing to the Hong Kong Stock Exchange showed on Thursday.

($1 = 7.8434 Hong Kong dollars)

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