Great post @Relax1. FLC is a much better place now than five...

Great post @Relax1. FLC is a much better place now than five years ago. In hindsight, Emefcy’s initial saga with CGGC showed showed their inexperienced and immaturity.

Things are much different now as you listed out. I must add to your list: Chiefly, management is now localised. None of the expats call the shots anymore. Sales Directors and Research Development heads are mainland Chinese.

Relationships with provincial officials are more culturally attuned to the directives of Beijing and national SOEs who have to carry out these directives. Relationships are forged especially when you can speak the same language. Itest was a case in point. That was the lifeline to get out of CGGC morass. Local management played a big part in ironing initial kinks in that relationship.

Products are being developed to suit conditions on the ground. Latest Aspiral offerings, like the micros, are developed in country are smaller, easier to install and less bells and whistles.

Lots more financial and manufacturing disciplines are implemented at the factory levels. No sales are recognised until deposits are received.

The list goes on. Yes, FLC has come far. Kudos to the Board for letting the Chinese team do what they do best.