PETALING JAYA: Having established a foothold in China, Gefung Holdings Bhd is spreading its wings to West Asia and North Africa via a joint venture with major shareholder, Saudi Economic & Development Co Ltd (Sedco).
Sedco direct investment group managing director Yousuf Khayat said the venture to new markets would help diversify Gefung's income base and mitigate the fluctuations in its earnings from China.
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