Berkshire Hathaway sells $39.8 mln of shares in China’s BYD

BEIJING, (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.3 million Hong Kong-listed shares of electric vehicle maker BYD for HK$310.5 million ($39.8 million), a stock exchange filing showed on Monday.

The sale on June 11 lowered Berkshire’s holdings in BYD’s issued H-shares to 6.90% from 7.02%, the filing to the Hong Kong stock exchange showed.

Reporting by Ella Cao, Ethan Wang and Donny Kwok Editing by David Goodman