Cordon Consultancy

Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China’s biggest electric vehicle maker.

Warren Buffett’s conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing to the Hong Kong Stock Exchange. The sale reduced Berkshire’s holding to 6.9%, from 7%.

Read more: https://cnb.cx/4b7tfs4

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