A BYD executive said this was a normal occurrence and expressed gratitude to Munger and Buffett for their recognition of BYD.
For details, please visit CnEVPost.
Category: BYD Stock
BYD executives bought about RMB 52.3 million ($7.3 million) worth of BYD A-shares on the Shenzhen stock exchange this month.
For details, please visit CnEVPost.
The change will take effect on September 19, significantly lowering the entry barrier for buying BYD shares on the Hong Kong stock market.
For details, please visit CnEVPost.
BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.
For details, please visit CnEVPost.
The placing price is HK$335.2 per share, a 7.8 percent discount to BYD's closing price of HK$363.6 on March 3 in Hong Kong.
For details, please visit CnEVPost.
BYD is offering 118 million shares at a discount of up to 8.4 percent to Monday's closing price of HK$363.60, according to Bloomberg.
For details, please visit CnEVPost.
BYD has accumulated gains of 25.7 percent over the past 6 trading sessions to a new high since July 2022.
For details, please visit CnEVPost.
Under Hong Kong Stock Exchange rules, when an organization's shareholding in a Hong Kong-listed company drops to less than 5 percent, it can no longer continue to disclose its holdings.
For details, please visit CnEVPost.
This is the second time this month that Berkshire's reduction of BYD stock has been disclosed.
The post Berkshire further cuts stake in BYD to less than 6% appeared first on CnEVPost.
For more articles, please visit CnEVPost.
The number of shares BYD plans to buy back is about 0.05 percent of its total issued share capital and will be used for cancellation to reduce registered capital.
The post BYD to buy back RMB 400 million of shares in China's A-share market appeared first on CnEVPost.
For more articles, please visit CnEVPost.