OMAHA, Nebraska (AP): Shareholders in Berkshire Hathaway, billionaire investor Warren Buffett's holding company, have rejected a proposal to sell its 2.3 billion shares of PetroChina over concerns about its connection to Sudan.
The proposal rejected Saturday would have prohibited Berkshire from investing in foreign companies that engage in activities that U.S. corporations must avoid because of presidential executive orders.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!