Shulou(Shulou.com)11/24 Report--

CTOnews.com, November 4, according to the latest filings of the Hong Kong Stock Exchange, Berkshire Hathaway sold 329.7 million shares of BYD H shares at a price of HK $169.87 on November 1, reducing its shareholding to 17.92%. Based on this calculation, the reduction is now about 560 million Hong Kong dollars (about 521 million yuan).

CTOnews.com learned that in September 2008, Buffett bought 225 million BYD shares for HK $8 a share for a total price of US $1.8 billion, accounting for 9.89 per cent of the expanded share capital. So far, Buffett has reduced his holdings by 28.235 million shares to 196.765 million shares.

This is not the first time Berkshire Hathaway has recently reduced its stake in BYD. Buffett's Berkshire Hathaway sold 1.3m BYD H shares on Aug. 24 and reduced its stake in BYD H shares by another 171.6 on Sept. 1, according to HKEx filings.

As one of the largest new energy vehicle manufacturers in China, data show that BYD sold 217816 vehicles in October, up 142.2 percent from the same month last year, and 217518 passenger vehicles (including 9529 exports), up 144.7 percent from the same period last year.

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