China Mobile considers repurchases when conditions allow

China Mobile (0941) said on Tuesday it may repurchase shares when market conditions allow and regulatory requirements are met, as part of efforts to safeguard shareholder interests.

The wireless carrier has repurchased and cancelled 18.53 million Hong Kong-listed shares, totaling approximately HK$1.07 billion since its return to the A-share market, including 3.1 million shares worth HK$205 million in 2024, according to a filing.

The company also reaffirmed plans to gradually raise its dividend payout ratio to over 75 percent of annual attributable profit within three years.

The company has paid out nearly HK$1.4 trillion in cash dividends over its 20-plus years of listing, it said.

STAFF REPORTER