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

[September 02, 2022]   SHANGHAI (Reuters) - Berkshire Hathaway 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.  

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 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)

(Reporting by Zhang Yan, Brenda Goh, Hong Kong Newsroom; editing by Jason Neely)

[© 2022 Thomson Reuters. All rights reserved.]
This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.