Comba Telecom Systems Holdings Limited (STC) announced that its board has approved an on-market share repurchase plan for up to 50 million ordinary shares, representing about 1.60% of the company’s issued share capital, excluding treasury shares.

The repurchases may be conducted from time to time under the general mandate granted by shareholders at the annual general meeting on May, 21 2025, and any subsequent renewals of that mandate.

The company said the buyback will be financed through internal cash flow and existing working-capital facilities, and it expects to maintain a solid financial position after the transactions.

Comba Telecom added that the timing, quantity and price of any repurchases will depend on market conditions and remain at the board’s discretion, with no assurance that purchases will be made.