BYD responds to the rumor that Buffett’s 225 million shares were transferred to Citibank

BYD responded to the rumor of "Buffett lightening up BYD's position", saying that according to the relevant rules of the Hong Kong Stock Exchange and the Securities and Futures Commission, major shareholders need to declare their interests to reduce their holdings, check the Hong Kong Stock Exchange The equity disclosure platform does not display the information on the reduction of holdings, and the declaration of shareholders' equity shall prevail. The company is currently operating normally, all businesses are being carried out in an orderly manner, and the sales of new energy vehicles continue to hit a record high.

Today, Hong Kong stock BYD shares fell more than 12% intraday, and A-share BYD fell more than 7% as of the noon break.

According to CCASS data of the Hong Kong Stock Exchange, Citibank's holding of BYD shares increased by 225 million shares to 389 million shares on July 11 , after Citibank held 163 million shares of BYD shares on July 9.

Data shows that Buffett's Berkshire Hathaway holds 225 million shares, and the market speculates that Citibank's new 225 million BYD shares come from Berkshire Hathaway.

According to Southern Finance and Economics, a relevant person in BYD's investor relations department said that the specific situation is being confirmed.

In addition, the latest data from the Hong Kong Stock Exchange shows that more than 5% of BYD's major shareholders have not been found to have recently declared an increase or decrease in their holdings , including Berkshire Hathaway, which holds 7.73% of the shares. company.

According to brokerage China, BYD’s securities affairs department responded: “The data we see now is that Buffett’s shareholding has not changed at present. Its shareholding ratio is very large, and if it involves share changes, it will definitely be disclosed.”

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