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Berkshire Hathaway sells $39.8 million of shares in China’s BYD By Reuters

June 17, 2024
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© Reuters. FILE PHOTO: A person walks next to BYD Seal car in a BYD Auto company and Autotorino store in Milan, Italy, March 20, 2024. REUTERS/Claudia Greco/File Photo

BEIJING (Reuters) – Berkshire Hathaway (NYSE:), the funding firm owned by Warren Buffett, has bought 1.3 million Hong Kong-listed shares of electrical car maker BYD (SZ:) for HK$310.5 million ($39.8 million), a inventory trade submitting confirmed on Monday.

The sale on June 11 lowered Berkshire’s holdings in BYD’s issued H-shares to six.90% from 7.02%, the submitting to the Hong Kong inventory trade confirmed.

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