Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Rachit Vats

Warren Buffett-Backed EV Maker Said To Raise Price Cap On Share Buybacks Amid Stock Surge

Warren Buffett-backed Chinese electric vehicle and battery maker BYD Co (OTC:BYDDY) on Wednesday said it is adjusting the buyback price for shares traded on China's A-share market, CnEVpost reported, citing the company.

What Happened: Shenzhen-based BYD said it is adjusting the upper limit of its buyback price to no more than RMB 400 ($60) per share from no more than RMB 300 per share.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.