BYDDY - Warren Buffet's Berkshire Drops BYD Stake Despite EV Leader Seeing Record Sales | Benzinga
Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK)(NYSE:BRK) is reducing its stake in BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) to less than 6%.
Berkshire sold nearly 2.02 million Hong Kong-listed shares of BYD at $234.57 apiece, dropping its stake from 6.18% to 5.99%.
The disposal was done on June 19, a Hong Kong stock exchange filing showed. The sale fetched the firm proceeds of HK$473.24 million ($60.61 million).
Earlier this month, Berkshire sold 1.3 million Hong Kong-listed shares of BYD, with the sale fetching the firm proceeds of ...