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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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' S" e  ^3 W! t) V7 s) Y8 XShares 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./ \  g# V# S6 Y; n
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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.% k# {1 x# y  L) J. r

; r; D( r5 l/ L, G6 e8 O6 r+ E4 JSince 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 R+ G4 c; I0 K7 N3 H1 `
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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.1 u+ r9 i7 X/ T7 N

6 e- D8 c3 n2 [; E: v: C"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?"9 j: m8 u9 X2 S6 f' z5 t4 m1 a
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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.
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1 h) E: c$ P2 D' TApart 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 x+ ]" ^4 I0 m# t. _: M

- E* j3 ~6 F8 @+ r, H8 B, K& jBuffett 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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