BYD suspended on share sale to Buffett unit

Newswire

HONG KONG, Sept 29 (Reuters) - Trading in shares of Chinese rechargeable battery and automobile maker, BYD , was suspended on Monday morning after a unit of Warren Buffett agreed to buy a 10 percent stake in the company for $230 million. MidAmerican Energy Holdings, a unit of U.S. billionaire investor Buffett's Berkshine Hathaway Inc. , and BYD will hold a joint news conference at 0830 GMT on Monday on the acquisition announced on Saturday. [ID:nN26317503] BYD's strong position in ...

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