 "BYD, Electric SUV")
Warren Buffett's Berkshire Hathaway Inc has trimmed its stake in BYD Co , seven weeks after prompting speculation it might sell its entire multi-billion dollar stake in the largest Chinese electric car company.
In a Hong Kong Stock Exchange filing, Berkshire said it sold 1.33 million Hong Kong-listed shares of BYD for about HK$370 million (US$47 million), reducing its stake in BYD's total issued H shares to 19.92% from 20.49%.
Tuesday's filing is the first confirmation that Berkshire has reduced its BYD investment since the 20.49% stake entered Hong Kong's Central Clearing and Settlement System on July 11, with Citigroup
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