BYD responds to Buffett’s further reduction: the company’s sales have hit record highs
According to surging news reports, the staff of BYD’s investor hotline responded that BYD also learned the relevant situation from the Hong Kong Stock Exchange.Shareholders’ reduction of holdings is a decision made by shareholders. The company’s sales volume has repeatedly hit new highs. The current operating conditions are healthy and everything is normal.
Last time Buffett reduced his holdings, BYD also responded similarly, but this did not dispel the market’s concerns.
After the first reduction, BYD’s AH shares began to dive sharply at the opening of the market. BYD’s A shares fell by over 8% to 284 yuan during the session, and finally closed down 7.36% to 287.98 yuan on the same day, with the total market value shrinking by nearly 66.6 billion yuan.
The last two days have also continued to decline. At present, A shares are 282 per share, with a total market value of 820.9 billion.
After the announcement of this reduction, it is expected that there will be a wave of market turmoil at the opening of next Monday.