Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has sold $39.8 million worth of shares in China's electric vehicle maker BYD. According to a filing with the Hong Kong Stock Exchange, the sale involved 1.3 million Hong Kong-listed shares for HK$310.5 million, reducing Berkshire's stake in BYD from 7.02% to 6.90% as of June 11. Berkshire Hathaway first invested in BYD in 2008, acquiring 225 million shares for $232 million, a move initially recommended by the late Charlie Munger. The recent sale indicates a cautious approach amid a gradual recovery in investor sentiment towards Chinese electric vehicle companies.
Buffett Cuts Stake in Chinese EV Giant BYD to 6.9% @WarrenBuffett https://t.co/7G268FeUwn
Warren Buffett-led Berkshire's pace of selling BYD's shares has slowed, possibly reflecting a gradual recovery in investors’ sentiment toward Chinese EVs https://t.co/cWW5pzGNDt
Warren Buffett-led Berkshire's pace of selling BYD's shares has slowed, possibly reflecting a gradual recovery in investors’ sentiment toward Chinese EVs https://t.co/VoqjgvG8jz
Buffett Cuts Stake in Chinese EV Giant BYD to 6.9% @WarrenBuffett https://t.co/7G268FemGP
Warren Buffett's Berkshire Hathaway Further Reduces Position In This Tesla Rival, An Investment Charlie Munger First Recommended Berkshire first invested in $BYD in 2008, paying $232 million back then to pocket 225 million BYD shares.
Buffett's Berkshire Hathaway lowers stake in Chinese EV giant BYD - media reports https://t.co/fc8nbxyfeC https://t.co/SMQcCD3yln
Warren Buffett’s Berkshire Hathaway trims stake in Chinese EV maker BYD https://t.co/PkR7bnlVE1
Warren Buffett's Berkshire Hathaway Further Reduces Position In This Tesla Rival, An Investment Charlie Munger First Recommended Berkshire first invested in BYD in 2008, paying $232 million back then to pocket 225 million BYD shares. The company is now among the top global… https://t.co/ayjUDrZIvP
BREAKING: WARREN BUFFETT SELLS BYD STOCK, NOW ONLY HOLDS 6.9% 👀 $TSLA Will Warren Buffett buy Tesla stock now? https://t.co/5T5BjGXkbh
Warren #Buffett’s #Berkshire Hathaway trims its stake in Chinese EV maker #BYD to 6.9%
Berkshire Hathaway, an early investor in $BYD thanks to the late Charlie Munger, sold 1.3M HK-listed shares to cut its stake to 6.9% from 7% The conglomerate first bought 225M shares in 2008. The bet has been lucrative as EV market saw explosive growth. https://t.co/HWNpp8lJFO https://t.co/XI1wkcOQ0g
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9% https://t.co/3Si24AykDt
🚨 🇨🇳BUFFETT'S BERKSHIRE DIVESTS FROM CHINA'S EV COMPANY? Berkshire Hathaway has sold $39.8 million worth of shares in China's electric vehicle maker BYD. The sale reduced Berkshire's holdings in BYD from 7.02% to 6.90%. Source: Reuters https://t.co/1lnZsnzcX2
Berkshire Hathaway sells $39.8 mln of shares in China's BYD https://t.co/aALV5tSbXY https://t.co/3CMrLgux4g
#BerkshireHathaway sells $39.8 million of shares in China's BYD https://t.co/R30pHzh7EJ
🔵 BERKSHIRE HATHAWAY SELLS $39.8 MILLION OF SHARES IN CHINA'S BYD Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.3 million Hong Kong-listed shares of electric vehicle maker BYD for HK$310.5 million ($39.8 million), a stock exchange filing showed…
BERKSHIRE HATHAWAY CUTS BYD H SHARES TO 6.90% FROM 7.02% ON JUNE 11, HKEX filing shows. $BRK $BYD #China
BERKSHIRE HATHAWAY CUTS BYD H SHARES TO 7.02% FROM 6.90% ON JUNE 11, HKEX filing shows. $BRK $BYD #China