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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.5 O+ S& O  d" i; K8 @* f

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& F+ \% i9 l4 mShares 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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3 g4 ]8 r8 R' A3 L: C"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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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." s, o3 }5 j9 V, ~, l
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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.+ m/ T( R* |3 o. N
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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?"" Y& j, s4 t8 B2 A
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According to Forbes magazine Gates and Buffett have net worth of 40 billion and 37 billion dollars, respectively.4 x+ M8 [% N6 s5 o6 p

# o. m1 u9 \& F9 K1 f! {9 L( pDayang 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.+ n* H& }- H2 F* r4 s
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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.+ s3 Y# X3 }3 K# p/ B/ E

* Z2 m1 e* |8 S0 t5 m9 LDayang Trands has 20 outlets in 11 cities across China.# ?( _1 R, q( L; e: R# K1 y

. ^4 e$ o7 |4 S. s) pBuffett 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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