Berkshire Hathaway sells $86.3 million worth of shares in China's BYD

[June 26, 2023]  HONG KONG (Reuters) - Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 2.53 million Hong Kong-listed shares of electric vehicle maker BYD for HK$675.80 million ($86.3 million), a stock exchange filing showed. 

Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023. REUTERS/Nick Carey/File Photo

The sale on June 19 lowered Berkshire's holdings in BYD's issued H-shares to 8.98% from 9.21%, the filing to the Hong Kong stock exchange on Monday showed.

($1 = 7.8272 Hong Kong dollars)

(Reporting by Twinnie Siu; Editing by Toby Chopra)

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