Tuesday, May 26, 2015

Buffett-backed Chinese automaker BYD plans up to $1.9 billion placement: IFR

HONG KONG (Reuters) - Chinese automaker BYD Co Ltd , backed by Warren Buffett's Berkshire Hathaway Inc , plans to raise up to $1.9 billion in a share offering in mainland China, IFR reported on Tuesday, citing a source familiar with the plans.

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