FLC fluence corporation limited

CGGC was a mismatch from the outset. They represented the old...

  1. 1,934 Posts.
    lightbulb Created with Sketch. 2163
    CGGC was a mismatch from the outset. They represented the old way of penetrating China. The western companies bring in the know how, and CGGC forces their way to into boardrooms and contracts by sheer size. Then Xi Jin Ping cracked down on corruption. The bureaucracy became competitive against counterparts in other provinces to outdo one another in meeting KPI’s. Performance was more important than kickbacks.

    The current team then realised that the CGGC model was flawed. Thankfully, they had the wherewithal to handle complexities. Hitting one province, one district, one SOE at a time. Build from the bottom up. More time consuming but more relational in the process. Tripartite (Govt, Systems Integrator, FLC as foreign investor/supplier) arrangements to create win win outcomes: local governments look good from receiving foreign investment, SOE enhances environment, FLC supplies.

    In meantime, FLC grows up, it’s reputation grows and stands on its own. No need for a CGGC anymore.

    @Relax1, that is exactly how a acorn of a foreign company becomes a unicorn.


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
5.8¢
Change
0.001(1.75%)
Mkt cap ! $62.94M
Open High Low Value Volume
5.8¢ 5.8¢ 5.3¢ $17.25K 311.3K

Buyers (Bids)

No. Vol. Price($)
1 9150 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 19873 1
View Market Depth
Last trade - 13.24pm 30/07/2025 (20 minute delay) ?
FLC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.