IHH Healthcare to file motion to dismiss US$6.5b suit by Emqore Envesecure | Malay Mail

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KUALA LUMPUR, Jan 5 — IHH Healthcare Bhd intended to file a motion to dismiss the amended complaint by Emqore Envesecure Private Capital Trust for the suit involving damages in excess of US$6.5 billion (RM27 billion). IHH Healthcare said it has strong grounds for seeking dismissal of Emqore...

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KUALA LUMPUR, Jan 5 — IHH Healthcare Bhd intended to file a motion to dismiss the amended complaint by Emqore Envesecure Private Capital Trust for the suit involving damages in excess of US$6.5 billion .

“IHH Healthcare intends to defend vigorously against the claims,” it said in a filing with Bursa Malaysia today. “However, as at the date of this announcement, the suit is not expected to have any business, operational or financial impact on IHH Healthcare as IHH Healthcare believes that it has strong grounds for dismissal of the suit,” it said.

Emqore Envesecure broadly alleges that it has purportedly suffered losses as the defendants had allegedly conspired to frustrate a proposed share acquisition transaction between Fortis Healthcare and Emqore Envesecure’s supposed predecessors.

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