Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYD
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%
By Reuters
Published on December 25, 2022
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Highlights
Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.33 million Hong Kong-listed shares of electric vehicle maker BYD for HK$267.69 million ($34.43 million), a stock exchange filing showed.
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95% on Dec. 8, down from 15.07%, according to a filing to the Hong Kong Stock Exchange on Tuesday.
($1 = 7.7745 Hong Kong dollars)
(Reporting by Twinnie Siu and Meg Shen; Editing by Louise Heavens)
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