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China Daily | Updated: 2014-12-24 07:32
BYD executives buying back shares, media reports say
Senior executives of BYD Co are buying back the company's shares, which plunged as much as 47 percent in Hong Kong last Thursday, media reports on Monday said, citing people familiar with the matter. BYD has denied rumors that financier Warren Buffett would reduce his holding in the company, and it also denied that it had experienced substantial exchange losses. The Chinese electric car producer is partially owned by Buffett's Berkshire Hathaway Inc, which holds 225 million shares.
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