1.71 million shares!Buffett again reduced BYD, BYD's official response

Berkshire Hathaway reduced its holdings of 1.716 million BYD shares on September 1, which reduced the shareholding ratio from 19.02%to 18.87%.

On September 2nd, in response to Buffett's re -reduction of BYD H shares again, relevant staff of BYD said that BYD also learned about the relevant situation from the Hong Kong Stock Exchange. The shareholders' reduction of holdings is a shareholder investment decision. The company's sales volume has reached a record high. At presentHealth, everything is normal.

Earlier on August 24, Berkshire Hathaway's holdings reduced BYD's 1.33 million shares, cash more than HK $ 300 million.Coupled with the reduction of holdings on September 1st, Berkshire reduced its holdings of 11.579 million shares, worth about HK $ 3 billion, and the holding of shares decreased from 19.92%on August 24 to 18.87%.

As a Buffett company, Berkshire Hathaway's reduction of BYD's stock price continued to fall.The company's first reduction of the company after August 30 revealed that BYD's share price fell nearly 8%the next day.Subsequently, the stock price of the two trading days continued to weaken, falling more than 11%in 3 days.

As of the close of September 2, BYD's share price was reported at HK $ 228.400, a decrease of 1.81%.

(Securities Times, Surging News)

Edit: Zhao Shanshan

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