BYD Electronic shrs surge 71 pct on Buffett link

Newswire

HONG KONG, Sept 29 (Reuters) - Shares of BYD Electronic shot up 71 percent on Monday on hopes the firm would benefit from the investment of U.S. billionaire investor Warren Buffett in its parent company BYD . MidAmerican Energy Holdings, a unit of Buffett's Berkshire Hathaway Inc. , and BYD will hold a joint news conference at 0800 GMT on Monday on the acquisition announced on Saturday. [ID:nN26317503] BYD Electronic shares were set to open up HK$1.23 at HK$2.97. News of the investment ...

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