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IHH says Fortis acquisition delays caused losses amid Daiichi Sankyo dispute with debtors

KUALA LUMPUR: IHH Healthcare Bhd said it suffered losses due to delays in obtaining the required mandatory tender offer (MTO) approvals for its acquisition of Fortis Healthcare amid a dispute between Japanese pharmaceutical company Daiichi Sankyo Co Ltd and its "judgment debtors."

The Star Malaysia查看原文 ↗
IHH表示,由于第一三共与债务人发生纠纷,Fortis收购案的延误导致了损失。

KUALA LUMPUR: IHH Healthcare Bhd said it suffered losses due to delays in obtaining the required mandatory tender offer (MTO) approvals for its acquisition of Fortis Healthcare amid a dispute between Japanese pharmaceutical company Daiichi Sankyo Co Ltd and its "judgment debtors.”

IHH said it was an unrelated party to the dispute and maintained that its acquisition of Fortis in 2018 was conducted through a transparent, widely publicised and fully regulated process.

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IHH says Fortis acquisition delays caused losses amid Daiichi Sankyo dispute with debtors

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