August 30, the Hong Kong Stock Exchange documents show that Berkshire Hathaway sold 1.33 million BYD H shares on August 24, the average sale price of 277.1016 Hong Kong dollars per share, the sale of shares to cash about 368 million Hong Kong dollars, its shareholding ratio dropped to 19.92%.
As we all know, “God of stocks” Warren Buffett since September 29, 2008, spending 230 million U.S. dollars (about 1.8 billion Hong Kong dollars) to subscribe to 225 million shares of BYD H shares at a price of 8 Hong Kong dollars per share, this position so thirteen years never moved.
To this day, Warren Buffett investment in BYD’s return has exceeded 30 times. And BYD’s current share price has reached 277 Hong Kong dollars, meaning that Warren Buffett’s profit has been more than 34 times, the position is currently worth 61.4 billion Hong Kong dollars.
In addition, as early as July 12, the market rumors of Warren Buffett suspected of reducing holdings of BYD news. On that day, BYD shares suffered a heavy drop, BYD A shares fell 4.72%, while BYD Hong Kong shares plunged 11.93%.
HKEx CCASS data show that Citibank held BYD shares increased by 225 million shares to 389 million shares on July 11, after Citibank held 163 million shares of BYD on July 9.
Data show that Warren Buffett’s Berkshire Hathaway holding size of 225 million shares, the market speculation that Citibank added 225 million shares of BYD shares from Berkshire Hathaway.
But in response, BYD’s Securities Affairs Department said: “The data we are seeing now is that Warren Buffett’s shareholding is currently unchanged. It has a very large shareholding, and if it involves a change in shares, it will certainly be disclosed.”
