There were a lot of other reasons why China was the beach...

There were a lot of other reasons why China was the beach head.

Going back to 2016, there were some large SOEs who told them about the 13 FYP and made promises to capitalise on Govt to Govt relationships and future businesses.

That helped FLC to set up their production base at preferable tax rates, grants. Then that SOE did a double take on FLC and strung them out to dry. Thankfully FLC resorted to plan B, merged with RWL, and with the bolstered balance sheet pitched and secured iTest.

Some credit also goes to FLC finding some astute managers in China who thought out of the box by pitching to iTest which were not originally the target customers.

Momentum grew, other G to G relationships kicked in and the rest is history.