IHH subsidiary raises damages claim against Daiichi Sankyo to $1.8b

NTK initially sought damages of $179.7m

Northern TK Venture Pte Ltd. (NTK), an indirect subsidiary of IHH Healthcare Berhad, has raised its damages claim against Daiichi Sankyo Company, Limited from $179.7m (¥20b / RM 634m) to $1.8b (¥200b / RM 5.7b).

NTK filed an application with the Tokyo District Court to amend its ongoing lawsuit, which alleges that Daiichi Sankyo obstructed NTK’s acquisition offers for Fortis Healthcare Limited and its subsidiary Fortis Malar Hospitals Limited.

NTK initially sought damages of $179.7m (¥20b) in a November 2023 filing.

On 6 February 2025, NTK submitted an expert report by Osborne Partners, which detailed losses suffered under three hypothetical scenarios where Daiichi Sankyo did not interfere. The report estimated damages ranging from $70.1m (¥7.8b) to nearly $1.8b (¥200b).

NTK reserves the right to further increase the claim, citing ongoing damage caused by Daiichi Sankyo’s actions. The next court hearing is scheduled for 11 July 2025.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia