Stocks A to Z / Stocks B / BYD (BYDDY)
No. of Recommendations: 0
Warren Buffett's Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) has sold 4.235M Hong Kong-listed shares of electric vehicle maker BYD (OTCPK:BYDDF) for HK$1.09B ($139M), according to a filing with the Hong Kong Stock Exchange, Reuters reported Thursday.
As per the filing, the transaction lowered Berkshire's holdings in BYD's total issued H-shares to 11.87% on Feb 3, down from prior 12.26%.
Looking at the stock performances so far this year, BRK.A is fractionally down whereas BYDDF has gained ~19%.
No. of Recommendations: 6
Warren Buffett's Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) has sold 4.235M Hong Kong-listed shares of electric vehicle maker BYD (OTCPK:BYDDF) for HK$1.09B ($139M), according to a filing with the Hong Kong Stock Exchange, Reuters reported Thursday.Like a broken record I will post my correction here. The actual report shows BHE sold 11.29 million HK:1211 shares for proceeds of approximately $369 Million USD in the period between 1/27 and 2/3 (a pretty short time period).
https://di.hkex.com.hk/di/NSAllFormList.aspx?sa2=a...
No. of Recommendations: 0
Thanks, lol, remind us, once they fall below 10 percent, they are no longer required to file this form ? Or below 5 percent ? I wonder if he took a big loss on another asset to write off the gain?
No. of Recommendations: 3
Thanks, lol, remind us, once they fall below 10 percent, they are no longer required to file this form ? Or below 5 percent ? I wonder if he took a big loss on another asset to write off the gain?
They don't have to file once they are below 5% of the Hong Kong listed class of stock. Berkshire files a consolidated tax return so it all mixes in to some degree, but this capital gain is inside BHE, which has an increasingly negative tax rate.
