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Chinese suit maker soars on Buffett endorsement

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发表于 2009-9-18 07:54 | 显示全部楼层 |阅读模式
老杨团队,追求完美;客户至上,服务到位!
The "Oracle of Omaha" has spoken again, and this time a Chinese suit maker is reaping the rewards.
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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.
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% j" S( s7 u$ X: R% p- ?) r* x"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.
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6 W' T  W& g  _4 @& ZSince 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.
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& K& C' }) \3 x( V. t# a  n"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.9 }, Z; T5 d, ^+ w) V

5 |( j4 Z2 _- O$ v) O"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?"# O& S/ L& C; t, D

- V. T+ Q6 R2 dAccording to Forbes magazine Gates and Buffett have net worth of 40 billion and 37 billion dollars, respectively.& A: ^! n1 v2 v

! W& k% L* A/ i1 lDayang 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.. B2 w$ s- c; }$ o
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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.0 _0 j% I  B; }5 s

. N- b( ^& u) a, T* |$ ]Dayang Trands has 20 outlets in 11 cities across China.4 ^) k! [' m% L4 a$ y8 c' Z$ W

) b9 P' ^  z: j. hBuffett is known as the "Oracle of Omaha" for his astute investment decisions. In China, he has been dubbed the "God of Stocks".
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