KUALA LUMPUR (Oct 30): A wholly-owned unit of Uzma Bhd is taking legal action against South Korea’s Khan Co Ltd (Khan) and Kong Offshore Malaysia Sdn Bhd (Kong) for overpayment of works worth RM63.14 million.

Uzma Engineering Sdn Bhd (UESB) has filed a Writ and Statement of Claim in the Kuala Lumpur High Court to commence legal action against the two companies.

“UESB, Khan and Kong were involved in a construction project known as the KNPG-B Topside Ph II, Kinabalu Non-Associated Gas (NAG) Development Project and disputes have arisen therein,” said Uzma in a filing to Bursa Malaysia today.

Uzma is seeking to claim against Khan and/or Kong for the total sum of RM63.14 million and interest as well as an order for payment by Khan to UESB of all sums found to be overpaid by UESB to Khan and/or Kong in respect of the works under the Project upon the determination of the final sum of such overpayment during trial of this action.

Against Kong, Uzma is seeking for damages to be assessed in relation to the defamation of UESB.

Uzma noted that the company will make the necessary announcements should there be any material development as and when necessary.

Khan is an engineering and commissioning company in oil and gas offshore field, while Kong operates in the heavy and civil engineering construction industry.

Shares of Uzma closed one sen or 0.93% higher at RM1.08 today, valuing the company at RM345.63 million. Some 4.52 million shares were traded.