Berkshire Hathaway Reduces Stake in BYD with $39.8 Million Share Sale

Berkshire Hathaway, owned by Warren Buffett, sold 1.3 million Hong Kong-listed shares of BYD, an electric vehicle manufacturer, for HK$310.5 million (equivalent to $39.8 million), according to a stock exchange filing on Monday.

– The sale occurred on June 11.
– Berkshire’s holdings in BYD’s issued H-shares decreased from 7.02% to 6.90%.
– The information was disclosed in a filing to the Hong Kong stock exchange.