Minieye Technology (HKG:2431) said the Hong Kong Stock Exchange has granted listing approval for its Hong Kong share full circulation plan, according to a Feb. 6 bourse filing.

Shares of the firm were up over 5% in Monday morning trade.

The approval covers the conversion of 89.6 million unlisted shares into Hong Kong-listed shares.

The converted shares represent about 21.29% of the company's total issued share capital.

Upon completion of the conversion, all of Minieye's issued shares will be H-shares, bringing the total number of listed shares to about 420.8 million.