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The company would not issue new shares should it decide to list A-shares in China, Chairman Wang Jianzhou told reporters after a shareholders' meeting.
The mobile carrier, which had more than 600 million users, in April posted a 5.4 percent rise in first-quarter net profit to 26.9 billion yuan ($4.1 billion). Like peers China Unicom and China Telecom Corp Ltd , China Mobile has been trying to reverse a decline in average revenue per user (ARPU) by seeking to attract more users to its value-added mobile services.