BYD denies Buffett will withdraw shares

Source: Internet
Author: User
Keywords Buffett BYD will withdraw shares
Washington (reporter Zhu Yanying) Yesterday, there are media reports that Buffett plans to withdraw shares BYD.  In this respect, a BYD spokesman said yesterday that the matter is not true, Buffett came to China did not announce the plan to withdraw shares. Yesterday, Wang Jianjun, deputy general manager of BYD's Auto sales company, said Mr. Buffett had no plans to sell shares in BYD. "Next week, Mr. Buffett will accept BYD's invitation to visit China, although the detailed itinerary is not confirmed, but certainly no Buffett plan to withdraw shares of BYD."  27th, Mr. Buffett will visit China for a four-day visit to Beijing, Changsha and Shenzhen to visit BYD's base. Berkshire Hathaway, at the helm of Mr. Buffett, invested 230 million dollars in a 10% stake in BYD in 2008. In the past two years, the investment is now worth nearly $1.6 billion trillion, benefiting as much as 7 times times. But last October the investment was worth 2.5 billion dollars.
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