Shuangdeng Group (HKG:6960) said it will seek to convert about 191.8 million domestic shares, or 46% of its total issued capital, into H shares under the full circulation scheme, according to a Tuesday Hong Kong bourse filing.

The company said the conversion is subject to filing with the China Securities Regulatory Commission and approval from the Hong Kong Stock Exchange.

Once approved, the converted shares will be listed and traded on the HKEX main board.

Shares of the firm were up nearly 1% in Tuesday afternoon trade.