Buffett-backed BYD’s shares drop after launch of pollution probe
Shares of China’s second-biggest automaker BYD have fallen after authorities launched an investigation into claims one of the company’s factories was responsible for harmful pollutants that were causing respiratory problems in children near the plant.
Investors had poured into BYD, backed by Warren Buffett’s Berkshire Hathaway, after blockbuster first-quarter results. But following the announcement of the pollution probe over the weekend, its Shenzhen-listed shares closed down 3.86 per cent on Monday.
比亚迪的投资者包括沃伦•巴菲特(Warren Buffett)的伯克希尔•哈撒韦(Berkshire Hathaway)。在比亚迪发布惊人的第一季度业绩后，投资者蜂拥而至。但在上周末污染调查宣布后，其在深圳上市的股票周一收盘下跌3.86%。