26Mar
BURSA

Bursa Malaysia : Turiya sues John Hopkins over terminated medical university deal

KUALA LUMPUR :

  • Turiya Bhd and Chase Perdana Sdn Bhd are suing US-based Johns Hopkins University and its medical education unit Johns Hopkins Medicine International LLC over their 2014 pull-out from a project to set up a medical university and manage a medical degree programme in Malaysia.
  • Turiya, an industrial machinery manufacturer and property investment firm, told Bursa Malaysia that it and Chase Perdana were claiming for general damages, aggravated damages, interests, costs, and any other relief the court deemed fit and appropriate.
  • “The suit is premised upon inter alia the defendants’ breach of contract and/or misrepresentation arising from a collaboration between Turiya and Chase Perdana Sdn Bhd with the defendants towards the establishment of a newly developed medical university, research centre and teaching hospital in Kuala Lumpur, Malaysia and the management of a Johns Hopkins affiliated graduate programme thereat,” it said.
  • To recap, Academic Medical Centre Sdn Bhd (AMC) – which is majority owned by Chase Perdana and the rest by Turiya – signed an agreement with Johns Hopkins University (Baltimore, Maryland), the John Hopkins University School of Medicine and Johns Hopkins Medicine International in November 2010 to develop the four-year graduate medical school and teaching hospital.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

Share this Story

About epicresearchmy

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.