BYD shrs nearly doubled on stake sale to Buffett

Newswire

HONG KONG, Sept 29 (Reuters) - Shares of Chinese rechargeable battery and automobile maker BYD nearly doubled on Monday after a unit of Warren Buffett's flagship company agreed to buy a 10 percent stake in the firm for $230 million. The stock was up 90.5 percent at HK$16.0 as trading resumed from a suspension in the morning. MidAmerican Energy Holdings, a unit of U.S. billionaire investor Buffett's Berkshire Hathaway Inc. , and BYD will hold a joint news conference at 0800 GMT on Monday ...

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