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Fortis parent IHH sued by US fund for USD 6.5 bln as 2018 takeover saga continues

By Lee Kah WhyeSingapore, January 10 (ANI): In a stock exchange filing last week, Malaysian healthcare group IHH Healthcare Berhad (IHH) said that US fund Emqore Envesecure Private Capital Trust (Emqore) has filed a lawsuit against it and other defendants at the US District Court of New Jersey.
IHH acquired a 31 per cent controlling stake in Fortis Healthcare in 2018 following a prominent bidding war against domestic and