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BYD Falls After Flagging Uncertainty Over Share Sale Approval

  • Earnings will be lower after up to $2.4 billion sale, BYD says
  • China securities regulator said to suspend share-sale reviewsB

BYD Co. fell for a second day in Hong Kong trading, heading for its lowest close in more than a month, after disclosing that regulatory approval is holding up its proposed share sale and will reduce earnings.

The stock fell as much as 6.4 percent to HK$42.40 and traded at HK$43.40 as of 10:50 a.m. in Hong Kong. BYD is headed for the lowest close since Oct. 5, after slumping 8.3 percent on Tuesday. The benchmark Hang Seng Index was little changed.