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The "Oracle of Omaha" has spoken again, and this time a Chinese suit maker is reaping the rewards./ H- [9 p; T h n: u/ {
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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.2 `1 D/ G+ Q# ` e! C4 Z
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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.9 L. a3 d4 j' g. H
+ g/ j) i3 y9 j+ z/ m- d+ fSince 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.8 \! ?' X( S/ v: N2 h
+ s4 ^" ?' y- i/ O. G3 r, z"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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: W0 o- f% S ?7 u, u"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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; T: i( v+ l, C5 b9 x+ uAccording to Forbes magazine Gates and Buffett have net worth of 40 billion and 37 billion dollars, respectively.
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4 c- `- p4 ] ]2 i3 h) l7 H4 KDayang 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.$ c2 Y* C' v2 i* q, z) q! Z6 a
% f4 b7 |4 a' 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.4 { E7 v0 V k2 a6 |1 B) u) u
5 O2 l e( y" R9 y L( RDayang Trands has 20 outlets in 11 cities across China.
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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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