Legal29 Apr 2026, 01:46 pm
Fortis Promoter Litigation: Tokyo Court proceedings conclude, judgment Sep 10, 2026
AI Summary
Fortis Healthcare Ltd. announced an update regarding the material litigation filed by its promoter shareholder, Northern TK Venture Pte Ltd. (NTK), against Daiichi Sankyo Company Limited before the Tokyo District Court in Japan. Referencing an announcement from IHH Healthcare Berhad (NTK's indirect wholly-owned subsidiary), the company stated that the Tokyo District Court has concluded the preparatory and oral proceedings for NTK's claim. The judgment for this significant litigation, which is related to NTK's subscription of Fortis shares and mandatory open offers for Fortis and Fortis Malar Hospitals Limited, is scheduled to be announced on September 10, 2026.
Key Highlights
- Tokyo District Court concluded proceedings for NTK's claim against Daiichi Sankyo.
- Judgment for the material litigation is scheduled for September 10, 2026.
- Litigation involves Fortis's promoter, NTK, and relates to share subscription and open offers.