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BYD shrugs off Buffett’s Berkshire sell-down
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Cryptopolitan
BYD has confirmed that Berkshire Hathaway completely sold off its remaining shares earlier this year, ending a 17-year run that began in 2008.
BYD stock drops after confirmation and growth outlook weakensDespite the calm front from BYD, investors reacted quickly in Hong Kong.
Shares of the automaker slid more than 6% this week after the confirmation of Berkshire’s full exit.
Berkshire lifts its Japanese stakes while closing out BYDWhile one door closed in China, Berkshire opened another in Japan.
In March, Berkshire disclosed a 9.8% stake, equal to 285,401,400 Mitsui shares, valued at about $7.3 billion at that day’s close.