SHANGHAI, March 28 BYD Co Ltd
, the Warren Buffett-backed Chinese carmaker, said it
has no immediate plans to sell new shares in Hong Kong.
On Thursday, Bloomberg reported that BYD planned to sell new
shares worth as much as 20 percent of its Hong Kong-listed
shares, and had submitted an application to China's securities
"We do not have such a plan now," a BYD spokeswoman said on
Friday. "This is pure speculation."
There have been rumours since last year about a possible BYD
share issuance plan, but they are not true, she said.
(Reporting by Samuel Shen and John Ruwitch. Editing by Jane