Berkshire Hathaway sells $58.9 million worth of shares in China's BYD By Reuters

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Berkshire Hathaway sells $58.9 million worth of shares in China's BYD

Published May 08, 2023 05:13AM ET

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Berkshire Hathaway sells $58.9 million worth of shares in China's BYD

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HONG KONG (Reuters) - Berkshire Hathaway (NYSE:BRKa), 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)

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Comments (1)

Mesna Kroglica May 08, 2023 8:54AM ET

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Yeah BYD is not so good as people think. They have poor range and all sorts of quality problems. Western media just doesn't report it. And ofc buffes says BYD is the best so that he can pump the stock and liquidate his position.

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