BYD's stocks fall again in the face of media allegations

Gasgoo.com (Shanghai June 21) - In the wake of BYD's dealer network problems and recent rumors involving investor Warren Buffet, the manufacturer's stock price has fallen once again, finance.sina.com.cn reported today.

Reports have been circulating in the media and across the industry that Warren Buffet (pictured) has withdrawn his share in the trouble stricken manufacturer, whose shares have fallen in the area of 21 Hong Kong dollars ($2.695) since the beginning of this year. Company Chairman Wang Chuanfu personally denied the rumors, saying that his private company's investment in BYD has not changed at all. Buffet bought 225 million Hong Kong dollars (now $28.87m) worth of stock in late 2008, when it was worth around 8 Hong Kong dollars.