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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.
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  e: z+ S0 w. {9 J) x- h0 iShares 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.1 l0 y4 U( A- F+ @# c

+ h4 T7 U0 L* w/ U  R6 f"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., z4 r0 c# q  ^4 P- j+ h8 O" p

6 F! x/ ^6 ~- t6 k* eSince 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.' }# R" w9 D( W& T' m/ t
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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.
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# }% Q/ D1 ]8 ~) _/ q1 |"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?"8 H6 ~9 i4 Q) `6 Q
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According 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.6 |/ i. k0 \: O
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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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+ v" T, S0 U2 y0 h+ ?, d7 b. }: aDayang Trands has 20 outlets in 11 cities across China.
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0 c& U6 T" d* O: |4 G+ BBuffett 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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