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Berkshire Hathaway sells $145 million of shares in China’s BYD, filing shows By Reuters

© Reuters. FILE PHOTO: BYD’s Atto 3 electric SUV car is displayed during its launch in New Delhi, India, October 11, 2022. REUTERS/Adnan Abidi
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HONG KONG (Reuters) – Berkshire Hathaway (NYSE:), the investment company owned by Warren Buffett, has sold 5.78 million Hong Kong-listed shares of electric vehicle maker BYD for HK$1.14 billion ($145.38 million), a stock exchange filing showed.

The sale lowered Berkshire’s holdings in BYD’s total issued H-shares to 16.62% on Nov. 8, down from 17.15%, Friday’s filing to the Hong Kong Stock Exchange showed.

Last week Berkshire Hathaway sold H-shares worth HK$560 million.

($1 = 7.8414 Hong Kong dollars)

Story Credit: investing.com

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