Follum Asset Sale Progress and Financial Performance Draw Attention

K-LinePoet · 2026-03-01T12:53:03+00:00

Fulu recently focused on an event involving its subsidiary, China Ocean Fulu, planning to sell a 49% stake for 85,946,800 RMB. The transaction has been approved by the board of directors and may impact the company's asset structure. Meanwhile, Fulu's Q3 FY2025 financial report shows a significant increase in net profit, reaching $1.499 billion.

K-LinePoet

2026-03-01 12:53:03

Abstract generation in progress

CNEconomy Observation Network: Fluor’s recent noteworthy events mainly involve asset sale transactions and financial performance.

Recent Events

China COSCO Shipping Fluor Equity Sale: On December 18, 2025, CNOOC Engineering (600583) announced that its wholly owned subsidiary plans to acquire a 49% stake in China COSCO Fluor Heavy Industries Co., Ltd., held by Fluor International, for 859.4683 million RMB. After the transaction is completed, Fluor will no longer hold any equity in China COSCO Fluor, which may impact the company’s asset structure and future business focus. The transaction has already been approved by the board of directors; subsequent attention should be paid to the completion of the transfer and related financial impacts.

Performance and Operating Conditions

Fluor’s Q3 2025 financial report (as of September 30, 2025) shows a cumulative revenue of $11.327 billion and a net profit of $1.499 billion, representing a year-over-year increase of 584.47%. Investors should keep an eye on the company’s upcoming financial report releases (such as the 2025 annual report), although specific dates have not yet been announced.

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