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BYD shares up 6.3% in Buffett’s three-day visit

Posted on Oct-04-2010· by

Warren Buffett supports BYD, not only improves the BYD brand and reputation, and also allows the two sides raising their own wealth. On Sep 27, Buffett arrived in Shenzhen to attend activities of BYD, BYD shares open higher to 56.15 Hong Kong dollars, up 1.53%, on Sep 28, BYD shares followed the broader market edged down 1.3%; On Sep 29, BYD shares continue to rise, to close at 58.80 Hong Kong dollars, up 3.34%. Before Buffett visiting, BYD HK shares have risen 3.5 Hong Kong dollars; and in Buffett visiting three days, the cumulative rise up to 6.3%. in three days, Buffett’s shares BYD shares have by nearly 8 million premium. Buffett purchased 225 million shares BYD shares at the price of 8 HK dollars per share, the total amount of transaction price was about 1.8 billion Hong Kong dollars. So far, the extra investment bring a lot of money to the Buffett investment returns, nearly increase 7 times.

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