Berkshire trims stake in China’s BYD H-shares worth HK$560 million


© Reuters. FILE PHOTO: BYD’s Atto 3 electric SUV car is displayed during its launch in New Delhi, India, October 11, 2022. REUTERS/Adnan Abidi

HONG KONG (Reuters) – Berkshire Hathaway (NYSE:) Inc, the investment firm owned by Warren Buffett, has sold 3.297 million Hong Kong-listed shares of electric vehicle maker BYD for HK$560.05 million ($71.35 million), according to a filing on Friday.

The sale lowered Berkshire’s holdings in BYD’s total issued H shares to 17.92% on November 1 from 18.22%, the filing to the Hong Kong Stock Exchange showed. ($1 = 7.8498 Hong Kong dollars)

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