KUALA LUMPUR (March 9): Trading in the shares of Sunsuria Bhd will continue to be suspended tomorrow pending a material announcement.

In a filing with Bursa Malaysia today, Sunsuria (fundamental: 2.5; valuation: 1.2) said Bursa Securities has approved its request for a suspension in the trading of its shares on the Main Market of Bursa Malaysia for an additional day tomorrow.

The Edge weekly had in June last year reported that Sunsuria’s executive chairman cum substantial shareholder Datuk Ter Leong Yap had delayed injecting his private assets, which are said to carry a collective gross development value of up to RM10 billion, into the company.

The deferment, according to Ter, who owns 50.12% stake in the group, will last until the first quarter of 2015.

“The commitment to inject the assets remains. It is just delayed till early next year (2015),” Ter was quoted as saying.

The company had requested for a suspension from 4.29pm last Friday.

Sunsuria shares closed 5 sen or 3.29% higher to RM1.57 on Friday, giving it a market capitalisation of RM240.71 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)