UPDATE 2-BYD shares plunge over 20 pct on plan to buy car maker

Newswire

(Updates share price) HONG KONG, Jan 23 (Reuters) - Shares of Chinese battery maker BYD Co Ltd were down more than 20 percent in Thursday afternoon trade, reflecting investor scepticism about the firm's plan to buy control of a mainland car maker. BYD shares were down 21.39 percent at HK$14.15 at 3:06 p.m. (1506 GMT), erasing all of their gains in the past month. "The market doesn't seem to like the deal," said Ben Kwong, associate director at brokers KGI Asia Ltd. "There are concerns ...

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