KUALA LUMPUR, Feb 7 — IHH Healthcare Bhd’s share price on Bursa Malaysia edged higher in early trading after its unit Northern TK Venture Pte Ltd (NTK) sought compensation from...
At 11.28am, the counter rose one sen to RM7.26, with 510,800 shares changing hands. — Screengrab of the IHH Healthcare Bhd websiteas a first-time user . Exclusively for Malay Mail readers: Use codeKUALA LUMPUR, Feb 7 — IHH Healthcare Bhd’s share price on Bursa Malaysia edged higher in early trading after its unit Northern TK Venture Pte Ltd sought compensation from Japan’s Daiichi Sankyo Company Ltd for its stake acquisition in India’s Fortis Healthcare .
In October 2023, NTK filed a claim against the Japanese drugmaker, alleging that it prevented NTK from proceeding with its open offer to acquire a stake in Fortis Healthcare in 2018. At that time, NTK sought an initial claim of 20 billion Japanese yen in damages, plus interest at three per cent per annum.
“If IHH wins, the group could receive compensation, positively impacting its financial performance and boosting investor confidence. Conversely, if it is unsuccessful, additional legal costs could cause temporary financial strain and negative market perception,” it said in a note today.
Northern TK Venture Pte Ltd Daiichi Sankyo Company Ltd Fortis Healthcare Compensation Bursa Malaysia
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