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IHH raises claim against Daiichi Sankyo to RM5.7b

IHH Healthcare Bhd said that its wholly owned subsidiary, Northern TK Venture Pte Ltd (NTK), has filed a petition with the Tokyo District Court to increase its damages claim against Japan's Daiichi Sankyo Co Ltd. The revised claim now amounts to approximately RM5.71 billion, significantly higher than the initial claim of JPY20 billion (RM634 million). The claim comprises damages arising from NTK's tortious claims (excluding defamation), a separate defamation claim amounting to JPY5 million, and accrued interest. The move follows NTK's earlier submission of an expert report in February 2025, which quantified losses based on hypothetical scenarios in which NTK's proposed open offers for Fortis Healthcare and Fortis Malar Hospitals had proceeded. The Tokyo District Court served the petition to Daiichi Sankyo today. NTK has reserved the right to further amend the claim amount. The next court hearing is scheduled for July 11, 2025. — TMR