KUALA LUMPUR: IHH Healthcare Bhd intends to file a motion to dismiss the amended complaint by Emqore Envesecure Private Capital Trust for the suit involving damages in excess of US$6.5bil (RM27.26bil).

       IHH said it has strong grounds for seeking dismissal of Emqore Envesecure’s claims on three principal grounds – lack of personal jurisdiction, forum non-conveniens and failure to state a claim for relief.

       “IHH intends to defend vigorously against the claims,” it said in a filing with Bursa Malaysia yesterday.

       IHH said it is not possible to determine the estimated potential liability to the company arising from the suit as the suit involves 28 named defendants and 20 non-party defendants.

       “However, as at the date of this announcement, the suit is not expected to have any business, operational or financial impact on IHH as the company believes that it has strong grounds for dismissal of the suit,” it said.

       On June 16, 2020, Emqore Envesecure filed a suit against IHH on allegations relating to the issuance of the shares of Fortis Healthcare Ltd to IHH’s subsidiary around 2018.

       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. — Bernama