Berkshire Hathaway sells $34.4 million worth of shares in China’s BYD
5:25 am Tuesday, December 13th, 2022
HONG KONG (Reuters) – 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)
