According to IHH’s statement, Emqore’s claim against IHH arises from allegations relating to the issuance of the shares of Fortis Healthcare to IHH’s subsidiary in and around 2018.
IHH Healthcare, on Jan 5, announced that it has been in legal tussles with US fund Emqore Envesecure Private Capital Trust since June 2020.
On June 16, 2020, Emqore filed a suit against the Malaysia-headquartered healthcare group. The group was then served on July 26, 2021, with Emqore’s original complaint and its motion to attend.
