China Business News: Capital Group cuts stake in BYD to 5%

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Capital Group cuts stake in BYD to 5%

Sep. 24, 2009 (China Knowledge) - The Capital Group Companies Inc, one of the world's largest investment management organizations, recently reduced its shareholding in BYD Co Ltd<1211> to 5% from the previous 5.04%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. HKEx said that Capital Group on Sep. 18 sold 340,500 shares of BYD for HK$21.58 million. The avera

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