 鲜花( 1)  鸡蛋( 0)
|
The "Oracle of Omaha" has spoken again, and this time a Chinese suit maker is reaping the rewards.3 A: }5 H1 |+ H
. P* _7 @' x( e8 W
" e4 N+ k( A+ M( P# i; N# D- B
Shares in Dayang Trands have soared by more than 70 percent in less than a month since billionaire Warren Buffett said he and Microsoft founder Bill Gates, the world's two richest men, wore the company's suits.
! G6 w7 o4 f. n$ i' j( P
5 N2 O5 i) F$ A' G2 W+ r$ J"I have to tell you that I now have nine suits all made in China. I threw away the rest of my suits," the 79-year-old Buffett said in a video posted on the website of Dayang Trands, based in the northeastern port city of Dalian.
. u% U/ }2 w/ c/ x0 k% _& I1 v# g; s8 |
Since the video was posted on August 25, the company's shares have surged nearly 72 percent -- from 8.55 yuan then to a close of 14.67 yuan on Thursday.
+ v9 w5 C7 \; o" F$ ~( T* q5 J
. S+ v1 B8 c* Q2 ~( L"It's been a long time since I got compliments on how I looked. But since I'm wearing Madam Li's suits, I get compliments all the time," Buffett said in the video, referring to Dayang's chairwoman Li Guilian.
" R; @ [! o8 K! Y3 w, S0 s8 N! w$ a9 l6 f7 U9 t$ @# ~& Y
"So maybe Bill and I could start a clothing store and ... if we sold suits made by Dayang Trands, someday we might even be rich, who knows?"1 a1 S' S- F% X3 s4 i! f
5 K6 }% A& n- N# s0 I% \
According to Forbes magazine Gates and Buffett have net worth of 40 billion and 37 billion dollars, respectively.7 k2 T3 s2 {. [
2 X% i! f: c' R6 I# n
Dayang Trands said in a statement filed with the Shanghai stock exchange Wednesday that Buffett was only a client -- not an investor -- and the video was recorded to congratulate the company on its 30th anniversary.
8 j* a# n; q P! B2 W1 }" c( Y1 w- d; [7 h1 m& z' s7 C
Apart from that, the company "does not have any disclosable business relationship" with the US billionaire investor or his firm Berkshire Hathaway, the statement said.$ p$ F& Q& A" F+ ?0 F U
7 Q! J8 R& @% z$ }
Dayang Trands has 20 outlets in 11 cities across China./ Y8 [6 Y3 j6 L
9 n, v3 H* r8 i( o1 B8 [Buffett is known as the "Oracle of Omaha" for his astute investment decisions. In China, he has been dubbed the "God of Stocks". |
|