Shares in a Chinese suit maker have rocketed more than 200% after a public endorsement by billionaire investor Warren Buffett, the Times reported. Buffett recently told state media that he owns nine suits by Dalian-based tailors Dayang Trands, and that he likes them so much he has thrown away all his others. The 79-year-old investor’s comments caused shares in the company – which began as a one-man operation 30 years ago – to rise 229% in Shanghai. Buffett first made his comments about Trands at the annual meeting of his investment company, Berkshire Hathaway, in Nebraska in May. Li Guilian, the company chairman, was invited to the meeting, where Buffett claimed that Microsoft founder Bill Gates was also a fan of the company.
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