Therein lies the dilemma. China is the biggest industrial market...

Therein lies the dilemma.

China is the biggest industrial market where FLC is making in roads, yet the market is worried that FLC is not getting enough diversification, too concentrated in China, not comfortable with China risk etc. In the meantime, the USA is too UN-uniform in the approval process and slow in its take-up.

I have to admit. DEM is a lot more amiable to a western based audience because the customers are brands we can identify with, Coke et al.

Maybe FLC should list in HK, closer to an audience amicable to exposure to China markets.