Berkshire began investing in Shenzhen-based BYD in 2008 when it paid $230 million for about 225 million shares, then equal to a 10% stake
Warren Buffett’s Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China’s largest producer of electric vehicles.
Hong Kong requires larger shareholders to disclose sales when their resulting stakes fall below whole percentage numbers. Disclosures can stop once ownership stakes fall below 5%.
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