[sgbuffett]

Full report here. Becareful. It may be true or untrue. Typically BRK has to declare first before it makes any sales because not doing so will lead to post of trust . Lilu announce his sale of BYD at $260 and the actual amount he wished to sell. ..before he actually sold.

BUZZ – BYD's HK shares drop most in 20 months on Buffett stake cut speculation
12 July 2022 14:21

* Chinese EV maker BYD Co's Hong Kong shares drop 13.6% to HK$265, biggest daily pct decline since November 2020, if losses hold
* Stock hits the lowest since May 27; biggest percentage decliner in Hang Seng Index and Hang Seng Commerce & Industry Index
* According to disclosures from HKEX's Central Clearing and Settlement System (CCASS) regarding market intermediaries, Citibank N.A.'s shareholding in BYD has increased by 225 mln shares to 388.61 mln shares on July 11, from 163.4 mln shares on July 8
* According to BYD's 2021 annual report, Warren Buffett's Berkshire Hathaway holds 225 mln BYD shares since September 2008
* "The size is a good match with Warren Buffett's stake in BYD," said a director at a regional brokerage, adding it fuels speculation Buffett may trim stake with the shares sitting in the custodian bank
* Berkshire did not immediately response to Reuters' email request for comment
* In a separate response to a Reuters' request for comment on WeChat, BYD said major shareholders have to make disclosures on shareholding reduction and so far there is no information about any reduction, and says the company is in normal operation
* BYD's Shenzhen shares drops 7.3%
* Hang Seng Commerce & Industry Index drops 1.8%, Hang Seng Index falls 1.1%