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Berkshire trims stake in China's BYD with 1.72 million H share sale -filing

Published 09/02/2022, 05:42 AM
Updated 09/02/2022, 05:45 AM
© Reuters. FILE PHOTO: A man adjusts his face mask as he walks past a BYD sign during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song

SHANGHAI (Reuters) - Berkshire Hathaway (NYSE:BRKa) Inc, the investment firm owned by Warren Buffett, has sold 1.72 million Hong Kong-listed shares of electric vehicle maker BYD for HK$450.83 million ($57 million), according to a filing on Friday.

The sale lowered Berkshire's holdings in BYD's total issued H shares to 18.87% as of Thursday, the filing to the Hong Kong Stock Exchange showed.

© Reuters. FILE PHOTO: A man adjusts his face mask as he walks past a BYD sign during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song

The U.S. company had reduced its holding in the shares to 19.92% from 20.49%, according to a filing on Tuesday.

($1 = 7.8491 Hong Kong dollars)

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