Berkshire Hathaway sells $39.8 mln of shares in China's BYD
BEIJING, June 17 (Reuters) - Warren Buffett's Berkshire Hathaway (BRKa.N), opens new tab has sold 1.3 million Hong Kong-listed shares of EV maker BYD (1211.HK), opens new tab, (002594.SZ), opens new tab for HK$310.5 million ($39.8 million), a stock exchange filing showed on Monday.
Berkshire's holdings in BYD's issued H-shares were lowered to 6.90% from 7.02% following the sale on June 11, according to the filing with the Hong Kong stock exchange.
BYD is one of the investment conglomerate's few non-U.S. investments. It was finalized in 2008, though Berkshire began reducing that stake in 2022.