Buffett’s Berkshire sells 1.3 million BYD H-shares for $47 million


© Reuters. FILE PHOTO: A woman walks past a BYD sign at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song

SHANGHAI (Reuters) – Berkshire Hathaway (NYSE:) Inc, the investment firm owned by Warren Buffett, has sold 1.33 million Hong Kong-listed shares of BYD, the biggest Chinese electric-vehicle maker, for around HK$370 million ($47.15 million), according to a filing.

Berkshire reduced its holding to 19.92% from 20.49% of BYD’s total issued H shares after the sale of the shares,the filing on Hong Kong Stock Exchange showed on Tuesday.

BYD and Berkshire did not immediately respond to requests for comment.

($1 = 7.8476 Hong Kong dollars)

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