Baiwang (HKG:6657) secured more time to exercise an option to acquire equity in Baiwangyun Overseas, according to a Hong Kong bourse filing Wednesday.

Shares of the enterprise digitalization service provider fell over 1% in morning trade Thursday.

The company had the option to convert the previously lent 35 million yuan to Baiwangyun Overseas into shares of the target until Dec. 3.

That option was extended to Dec. 31, Baiwang said.