Daiichi comments continue to damage interests: IHH Unit
Singapore-based
Northern TK Venture
(NTK), an indirect subsidiary of Malaysia's
IHH Healthcare
, on Thursday said Japanese drug maker Daiichi Sankyo's latest release contained "misleading statements" that continued to damage its interests.
It comes after IHH Healthcare on May 20 said it had escalated its
legal claim
against Daiichi Sankyo tenfold to about ₹11,800 crore for allegedly blocking its 2018
open offer
for control of Indian hospital operator
Fortis Healthcare
. Daiichi Sankyo, however, said NTK's claims of interfering with its open offer were "without any merit or substance" and were "not sustainable".
"Since the case is pending at the Tokyo District Court, NTK will refrain from correcting inaccuracies in the statement, but NTK will continue to present the correct facts and pursue its claims before the
Tokyo District Court
to obtain reliefs including recovery of damages from Daiichi Sankyo," NTK said on Thursday, reiterating that Daiichi Sankyo had caused "significant losses" by preventing it from proceeding with the open offer.
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NTK said it will also seek an injunction to prevent Daiichi Sankyo from making
defamatory remarks
and specific actions to vindicate its reputation.
The next date of hearing before the Tokyo district court is July 11.
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Daiichi Sankyo said in a statement, "NTK's claims against Daiichi Sankyo are tort claims premised on Daiichi Sankyo's unlawful interference with NTK's trade or business, conspiracy of Daiichi Sankyo and other persons, malicious falsehood, and defamation, each under the applicable substantive laws."
NTK had acquired a 31.17% stake in Fortis Healthcare in November 2018, triggering a mandatory open offer to the latter's public
shareholders
. However it was blocked after Daiichi Sankyo filed a contempt plea against the founders of Fortis Healthcare, resulting in the halt of acquisition.
On Thursday, the company announced on the stock exchanges in Malaysia and Singapore that it had filed an application with the Tokyo district court to amend its ongoing claim for damages against Daiichi Sankyo Company, Limited (headquartered in Chuo-ku, Tokyo). As a result, the revised damages sought by NTK have increased to 200 billion Japanese yen from the initial amount of 20 billion Japanese yen, it said in a statement.
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