China Mobile to buy back $12.6b of its Hong Kong-listed shares

China Mobile to buy back $12.6b of its Hong Kong-listed shares

Photographer: Qilai Shen/Bloomberg

China Mobile Ltd will buy back up to $12.6 billion worth of its Hong Kong-listed shares on the market, as the company prepares for its 48.7 billion yuan ($7.7 billion) listing in Shanghai on Wednesday, China‘s biggest public share offering in a decade.