Buffett Sells BYD Again: Cash Out HK$300 Million, Stake Reduced to 6.9%

Reported about 1 year ago

Buffett's Berkshire Hathaway once again reduced its holdings of BYD stocks, selling 1.3475 million H-shares at an average price of HK$230.46 per share on June 11, cashing out approximately HK$311 million. Their stake decreased from 7.02% to 6.9%, holding about 75.6861 million shares. Despite Buffett's repeated sales, BYD's performance remains strong, with revenue growth and leading position in the industry. BYD's A-shares rose by 1.64% and H-shares rose by 1.74% on June 17.

Source: YAHOO

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