07-01-2022, 07:03 AM
Sharanya Pillai
PUBLISHED JAN 6, 2022, 7:41 AM SGT
SINGAPORE (THE BUSINESS TIMES) - A US fund is seeking more than US$6.5 billion (S$8.8 billion) in damages in a lawsuit against IHH Healthcare and other defendants, the Singapore-listed company disclosed in a Wednesday (Jan 5) bourse filing.
The lawsuit involves the issuance of shares of India's Fortis Healthcare to IHH's subsidiary back in 2018. The fund, Emqore Envesecure Private Capital Trust, alleges that it suffered losses as the defendants had purportedly conspired to frustrate a proposed share acquisition transaction between Fortis and Emqore's supposed predecessors.
https://www.straitstimes.com/business/co...ged-losses
PUBLISHED JAN 6, 2022, 7:41 AM SGT
SINGAPORE (THE BUSINESS TIMES) - A US fund is seeking more than US$6.5 billion (S$8.8 billion) in damages in a lawsuit against IHH Healthcare and other defendants, the Singapore-listed company disclosed in a Wednesday (Jan 5) bourse filing.
The lawsuit involves the issuance of shares of India's Fortis Healthcare to IHH's subsidiary back in 2018. The fund, Emqore Envesecure Private Capital Trust, alleges that it suffered losses as the defendants had purportedly conspired to frustrate a proposed share acquisition transaction between Fortis and Emqore's supposed predecessors.
https://www.straitstimes.com/business/co...ged-losses