ArmouGlass was an Australia listed company specializing in safety glass manufacturing. In 2003, the glass business was stagnant with flat growth, the firm intended to sell its business to strategic buyer.

China Chongqing Yongchuan Cement was a Chinese company involved in the production and marketing of cement and the mining of limestone. The company sought opportunity to be listed overseas where mining concept is well received.

In 2003 China Chongqing Cement and ArmourGlass saw synergy between the two companies and struck an acquisition/ reverse take-over deal. The company changed its company name afterwards to China West International Holding Ltd. followed by a private placement of US$5 million.

FFC was the exclusive financial adviser for ArmourGlass on the sale of its business.

After an in-depth study on the company and the capital market, FFC identified China Chongqing Cement as the potential buyer. FFC leveraged its knowledge on the capital market, teamed up with financial investors and helped shareholders of China Chongqing Cement to acquire ArmourGlass.