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

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

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