Dolphin International claiming RM4.11 million from Indonesian firm over incomplete work

PETALING JAYA: Dolphin International Bhd's subsidiary PT Dolphin Indonesia is claiming Rp14.5 billion (RM4.11 million) from PT Himalaya Transmeka over a delay in the completion of mechanical and electrical work.

The group said Dolphin Indonesia had on February 1 filed the suit in relation to the mechanical & electrical supply contract dated January 3, 2013, between Dolphin Indonesia and Himalaya Transmeka.

Dolphin International noted that the claim is calculated based on the formula of 6% on the total expense incurred to complete the unfinished and rectification work, as well as the additional expense incurred due to the delay in completion of mechanical and electrical work, resulting in Dolphin Indonesia being compelled to take over the project.

Dolphin International said it served a letter of demand on Himalaya Transmeka, but there was no response from Himalaya Transmeka.

The group believes there is no material impact arising from the suit except the estimated legal fee cost of Rp650 million (RM185,000).

Dolphin International shares gained 8% to close at 13.5 sen on some 3.54 million shares done.