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Berkshire Hathaway sells HK$310.5 million of shares in China's BYD

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Published Mon, Jun 17, 2024 · 05:59 PM
    • Berkshire Hathaway's holdings in BYD's issued H-shares drop to 6.9 per cent after the sale.
    • Berkshire Hathaway's holdings in BYD's issued H-shares drop to 6.9 per cent after the sale. PHOTO: BLOOMBERG

    BERKSHIRE Hathaway, the investment company owned by Warren Buffett, has sold 1.3 million Hong Kong-listed shares of electric-vehicle maker BYD for HK$310.5 million (S$53.8 million), a stock exchange filing showed on Monday (Jun 17).

    The sale on Jun 11 lowered Berkshire’s holdings in BYD’s issued H-shares to 6.9 per cent from 7.02 per cent, the filing to the Hong Kong stock exchange showed.

    BYD is one of the investment conglomerate’s few non-US investments. It was finalised in 2008, though Berkshire began reducing that stake in 2022. REUTERS

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