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

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

Stock Markets Sep 02, 2022 05:45AM ET

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

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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.

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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