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The "Oracle of Omaha" has spoken again, and this time a Chinese suit maker is reaping the rewards.8 T! o2 m, X- O! f+ e4 ?
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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.$ {# I9 R/ V& Y" ]4 G; Y- s" K( h
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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.- o1 s6 f+ j! }/ W% ~$ {
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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.9 f+ p1 Y' H. i8 K4 C
8 _' J/ A$ G; m; 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.
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"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?"- O8 _' s3 F0 \# A
9 T) o. A# l; A! V6 FAccording to Forbes magazine Gates and Buffett have net worth of 40 billion and 37 billion dollars, respectively.
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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.. g V2 l4 p! o
" d" I/ S* i. a" L; T* XApart 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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5 k9 T8 W7 Y2 FDayang Trands has 20 outlets in 11 cities across China.& a# H0 V/ h" X4 D" F" \+ v: [
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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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