China Tower Shareholders Back Dividend, Auditors and Share Issuance Mandate at AGM

China Tower ( (HK:0788) ) has provided an update.

China Tower said shareholders overwhelmingly approved all resolutions at its 15 May 2026 annual general meeting in Hong Kong, with more than 17.6 billion issued shares eligible to vote and no voting restrictions or treasury shares in place. The meeting endorsed the 2025 financial statements, the 2026 budget authorization and the company’s profit distribution plan, including the final dividend for 2025.

Investors also authorized the board to decide on interim profit distribution for 2026, reappointed KPMG and KPMG Huazhen as international and domestic auditors, and granted a general mandate to issue up to 20% additional domestic and H shares. The mandate, passed as a special resolution with nearly 89% support, gives China Tower added flexibility to raise capital and adjust its registered capital structure, potentially influencing future funding strategy and shareholder dilution.

The most recent analyst rating on (HK:0788) stock is a Buy with a HK$12.81 price target. To see the full list of analyst forecasts on China Tower stock, see the HK:0788 Stock Forecast page.

More about China Tower

China Tower Corporation Limited is a state-backed telecommunications infrastructure provider in China that builds, owns and operates wireless communication towers and related facilities. Listed in Hong Kong, it serves mobile network operators across the country, focusing on shared tower resources to improve network coverage and reduce industry costs.

Average Trading Volume: 13,067,908

Technical Sentiment Signal: Buy

Current Market Cap: HK$195.1B

For detailed information about 0788 stock, go to TipRanks’ Stock Analysis page.