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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., D, \7 ^. C! @) S) y' V
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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.8 L1 u5 S! V% J0 j' c! ^
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"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./ N" Y* k& _+ R: A

* \/ ?/ \' |2 \3 KSince 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.! n' y/ I& `. X- B% Y! m: M

& E  K! Y2 k# j$ |"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. M5 d- J! A% u/ k& d2 N

& S1 l; m* t$ j# D"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?"
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6 |% R+ R% m9 a. B) IAccording to Forbes magazine Gates and Buffett have net worth of 40 billion and 37 billion dollars, respectively.* Y/ I6 j. @/ `) Z+ H7 B
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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.3 y0 P& G( [* H" y- R
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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.
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& ~- S: k1 v, t3 J0 b: M& pDayang Trands has 20 outlets in 11 cities across China.
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7 \5 k: O$ Y% ]/ y$ MBuffett 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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