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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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"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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0 O6 d# V8 z$ {# P% q! F1 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.# r7 Z+ W+ N- Y; r4 G
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"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." q: L" p% P: O1 _3 m) ?! H
3 w$ U3 x8 S+ o) B! P"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.( b' X* y& U* X8 v1 ~6 V* z' {- l
' b9 J: a' z0 E8 l. ^. U5 G+ `% \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.
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0 {; K3 I, S* A4 r, a' y7 pApart from that, the company "does not have any disclosable business relationship" with the US billionaire investor or his firm Berkshire Hathaway, the statement said.' n: `+ Q3 b H( h# {# v
, b% s* @, N# w2 |' [Dayang Trands has 20 outlets in 11 cities across China.
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1 ^. G4 m8 L" `Buffett 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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发表于 2009-9-18 07:54
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