Berkshire Hathaway sells 1.1 million H-shares in China’s BYD By Reuters


© Reuters. FILE PHOTO: 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

HONG KONG (Reuters) – Berkshire Hathaway (NYSE:), the investment company owned by Warren Buffett, has sold 1.058 million Hong Kong-listed shares of electric vehicle maker BYD at an average price of HK$191.44 ($24.52) per share, a stock exchange filing showed.

The sale lowered Berkshire’s holdings in BYD’s total issued H-shares to 13.97% on Jan. 3 from 14.06%, a filing to the Hong Kong Stock Exchange showed on Monday.

($1 = 7.8068 Hong Kong dollars)

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