Berkshire Hathaway sells $58.9 mln worth of shares in China's BYD

Berkshire Hathaway annual meeting in Omaha, NB
Investors and guests arrive for the Berkshire Hathaway annual shareholders' meeting in Omaha, Nebraska, U.S. May 6, 2023. REUTERS/Rachel Mummey

HONG KONG, May 8 (Reuters) - Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.96 million Hong Kong-listed shares of electric vehicle maker BYD (002594.SZ) for HK$462.09 million ($58.9 million), a stock exchange filing showed.

The sale on May 2 lowered Berkshire's holdings in BYD's issued H-shares to 9.87% from 10.05%, the filing to the Hong Kong stock exchange on Monday showed.

($1 = 7.8479 Hong Kong dollars)

Reporting by Twinnie Siu and Meg Shen; Editing by Toby Chopra

Our Standards: The Thomson Reuters Trust Principles.

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