Market highlights

1. Indian online retailer Infibeam Incorporation's US$80 million (S$109 million) IPO drew thin demand from institutional investors, selling just the total shares on offer in the country's first e-commerce listing, Reuters said.

2. French luxury goods group Hermes said net profit jumped over 13 per cent to €973 million (S$1.5 million) last year despite slowing China, the Paris terror attacks and currency gyrations. Japan led the growth, AFP said.

3. Huan Hsin Holdings' auditors Deloitte & Touche said the electronics contract manufacturer may not be able to continue as a going concern. For the year ended Dec 31, its current liabilities exceeded current assets by $55.4 million.

4. Auditors of food-processor China Kangda Food BDO have warned that the firm may be unable to continue as a going concern as its liabilities exceeded its assets by 282 million yuan (S$59 million) as at Dec 31.

5. Hotel Properties said its associated company VN NH has entered into a sale and purchase agreement to acquire American Indochina Resorts for US$65 million (S$89 million).

A version of this article appeared in the print edition of The Straits Times on March 24, 2016, with the headline 'Market highlights'. Print Edition | Subscribe