Buffett once again reduced his holdings of BYD H shares, cashing out a total of 9.3 billion yuan.
CTOnews.com, November 23, according to the official website of the Hong Kong Stock Exchange on November 22, Buffett's company Berkshire sold 322.5 shares of BYD H shares on November 17, while BYD's H shares fell from 16.28% to 15.99%. The average price of this reduction is 195.4212 Hong Kong dollars per share, cashing out about 630 million Hong Kong dollars.
CTOnews.com learned that this is the fifth time that the Hong Kong Stock Exchange has disclosed that Buffett has reduced his holdings of BYD H shares, which has been reduced since August this year, cashing out a total of about HK $1 268 million (about 9.343 billion yuan). Before the sale began in the second half of this year, Buffett owned a total of 225 million BYD H shares. As of November 17, Buffett has reduced his H-share holdings by 50 million to 175 million.
In terms of stock price, as of November 22, BYD A shares closed at 250.49 yuan per share, H shares closed at 178.2 Hong Kong dollars per share, and BYD An and H shares had a combined market capitalization of 633.9 billion yuan.