DBS retains 'buy' on IHH with S$2.32 target despite US lawsuit
Its analysts note IHH is confident it has strong grounds to seek dismissal for Emqore's claims
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Singapore
IT IS premature to determine the estimated potential liability that the legal spat between US fund Emqore Envesecure Private Capital Trust and IHH Healthcare will have on the latter, as it involves a number of defendants and non-party defendants, said DBS Group Research.
Emqore is seeking over US$6.5 billion in damages in a lawsuit against the Mainboard-listed company and other defendants.
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