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Berkshire sells 1.72 million H shares of BYD, filing

by Babu Patil
Berkshire sells 1.72 million H shares of BYD, filing

The sale lowers Berkshire Hathaway’s holdings in BYD’s total issued H shares to 18.87% as of Thursday. The U.S. company had reduced its holding in the shares to 19.92% from 20.49% earlier this week.

According to a filing on Friday, Warren Buffett’s investment company Berkshire Hathaway has sold 1.72 million Hong Kong-listed shares of the electric vehicle manufacturer BYD for HK$450.83 million ($57 million).

The sale reduced Berkshire’s holdings in BYD’s total issued H shares to 18.87% as of Thursday, the Hong Kong Stock Exchange filing showed.  The U.S. company had lowered its holding in the shares to 19.92% from 20.49%, according to a filing on Tuesday.......