PDZ to appeal court order favouring Dan-Bunkering


The group said its solicitors were of the view that it has a strong case, related to the non-payment of marine fuel oil and gas oil supplied by Dan-Bunkering (Singapore).(File pic shows onw of PDZ's vessels.)

PETALING JAYA: PDZ Holdings Bhd is taking its long-standing legal case with Dan-Bunkering (Singapore) Pte Ltd to the Court of Appeal after the Kuala Lumpur High Court ruled in the latter’s favour.

The group said its solicitors were of the view that it has a strong case, related to the non-payment of marine fuel oil and gas oil supplied by Dan-Bunkering (Singapore).

It said this in a stock exchange filing with Bursa Malaysia on Friday, after announcing that it received a sealed order from the court to pay RM4.94mil to Dan-Bunkering (Singapore).

The amount included claims of RM2.03mil, interest of RM2.75mil with the costs of RM150,000 and allocator fee of RM6,000.

The claims made were for the non-payment of fuel oil and gas oil which were supplied to vessels previously owned by Perkapalan Dai Zhun Sdn Bhd, a former subsidiary of PDZ.

PDZ said it had made a provision of RM6.73mil in its unaudited consolidated financial statements for the financial period ended June 30,2020.

PDZ Mewah, the vessel which was sold on Oct 24,2018, to Somap International Pte Ltd, was arrested by Dan-Bunkering (Singapore) in January 2017.

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