Among the year’s top gainers was ParkwayLife REIT (PLife REIT) which ended 2021 at $5.13 with a yield of just 2.7%. Since then, prices have dipped slightly.

Sponsor IHH Healthcare and the master lessee of ParkwayLife REIT’s three hospitals in Singapore — Mount Elizabeth Hospital, Gleneagles Hospital and Parkway East Hospital — announced that a fund known as Emqore Envesecure Capital Trust has filed a suit against IHH, 28 named dependents and 20 non-party defendants, with a claim for US$6.5 billion ($8.83 billion).

This amount incorporates compensatory damages plus treble damages and attorneys fees, IHH says in a statement.

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