Raw Silk Granite Slabs & Tiles, India Pink Granite

GeFung Holdings Bhd. Which markets 80% of its marbles and granite slabs in China, wants to expand its business in Turkey and the Middle East.
The group is venturing upstream in Turnkey by buying to extract marble blocks while trying to establish new markets in fast developing areas in the Middle East such as Abu Dhabi and Dubai.
It is banking on its expansion plans to help it achieve its profit guarantee of some RM 28 million for the financial year ending Dec 31, 2008.
GeFung's current business was listed on the Second Board of Bursa Malaysia in November 2006 via a reverse takeover of financially distressed Jin Lin Wood industries.
GeFung's share price was hit after it said in a note to its third-quarter results that there would be a shortfall in its guaranteed profit before tax (PBT) for FY2007 and FY2008.
The vendors of Syarikat Bukit Granite Sdn. Bhd. And Shanghai Ge Fung Marbles & Granite Ltd, the two companies injected into GeFung, have guaranteed that the group's PBT shall not be less than RM28.08 million in FY2007 and RM28.33 million in FY2008.
The reason for the shortfall is mainly the delay in execution of property development projects by GeFung customers in China.