Dailywin up on issue price

Watch-maker Dailywin Group made a positive debut in its secondary listing in Hong Kong yesterday with its shares closing up 49.5 per cent to $1.60, against an issue price of $1.07. The shares opened at $1.80 and fell to $1.30 before closing at $1.60. Dailywin was first listed on the London Stock Exchange in 1995. It designs, manufactures, assembles and sells watches and watch components for a range of mainly OEM customers who market their products under well known brand names.