EVENING 5: IHH seeks up to RM5.7 bil in compensation from Japan’s Daiichi Sankyo
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. IHH Healthcare Bhd’s unit is seeking compensation of up to INR109.3 billion (RM5.7 billion) from Japanese drugmaker Daiichi Sankyo Co Ltd over its stake buy in India’s Fortis Healthcare Ltd.
2. The government plans to table an amendment to the competition law to strengthen investigative and enforcement powers of the Malaysia Competition Commission .
3. Lotte Chemical Titan Holding Bhd’s net loss widened to RM510.07 million for the fourth quarter marking the group’s largest quarterly net loss since its listing in 2017.
4. U Mobile Sdn Bhd must first fulfill certain obligations under the shareholder agreement signed with Digital Nasional Bhd before it can deploy Malaysia’s second 5G network.
5. Northern Solar Holdings Bhd, which made its debut on the ACE Market on Thursday, is looking to expand its footprint in Southeast Asia.