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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.  o  s( V' c9 }" M. O. F

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4 Y4 @- C& V2 m) d1 i& ~7 p! aShares 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." h1 ^: K# u. W. g2 Y; V/ S/ q1 o
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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., B# E  T, e$ u5 w2 K; s$ A! V! b
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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.$ }2 z- F9 \# Q- l. S/ x

9 E3 g' n  X  u( q: Q"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.
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! c/ z$ ^( W; F1 L; V8 l1 t* g"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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According to Forbes magazine Gates and Buffett have net worth of 40 billion and 37 billion dollars, respectively.: W! N% z9 c% K9 F
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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.. B5 l7 u$ z4 u  F* C0 g% a

9 p2 X- j8 ]- y* rApart 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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Dayang Trands has 20 outlets in 11 cities across China.6 h. F1 L8 E- K9 p

" g% |$ ^; i) W1 qBuffett 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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