Warren Buffett-backed BYD presses ahead with plans to list semiconductor unit on Shenzhen’s ChiNext tech board

Source: South China Morning PostBYD, the battery and carmaker that counts Warren Buffett’s Berkshire Hathaway among its investors, has proposed a plan to spin-off and list its semiconductor unit on the Shenzhen Stock Exchange.BYD Semiconductor, owned 72.3 per cent by BYD, is fit for a separate listing on the mainland, according to the recommendation of its legal advisers, mainland law firm Zhong Lun, BYD disclosed in a filing to the Hong Kong stock exchange on Tuesday evening.The Shenzhen-based carmaker’s plan to list its…Read More

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