Shanghai: According to a filing on Friday, Warren Buffett’s investment company, Berkshire Hathaway (NYSE: BRKa), has sold 1.72 million Hong Kong-listed shares of electric vehicle maker BYD for HK$450.83 million ($57 million).
As of Thursday, the filing to the Hong Kong Stock Exchange showed that the sale of H shares brought Berkshire’s share of all H shares issued by BYD down to 18.87%.
Related: Vehicle sales in China are down 48%, but EVs are on the rise thanks to BYD’s success.
A filing made on Tuesday showed that the U.S. company had cut the number of shares it owned from 20.49% to 19.92%.
(1 dollar = 7.8491 Hong Kong dollars)
