Berkshire Hathaway sells $58.9 million worth of shares in China’s BYD By Reuters
© Reuters. FILE PHOTO: Investors and guests arrive for the Berkshire Hathaway annual shareholders’ meeting in Omaha, Nebraska, U.S. May 6, 2023. REUTERS/Rachel Mummey
HONG KONG (Reuters) – Berkshire Hathaway (NYSE:), the investment company owned by Warren Buffett, has sold 1.96 million Hong Kong-listed shares of electric vehicle maker BYD for HK$462.09 million ($58.9 million), a stock exchange filing showed.
The sale on May 2 lowered Berkshire’s holdings in BYD’s issued H-shares to 9.87% from 10.05%, the filing to the Hong Kong stock exchange on Monday showed.
($1 = 7.8479 Hong Kong dollars)