Shenyang Public Utility (HKG:0747) unit Shenzhen Wanzi Hotel Apartment Management agreed to purchase a 51% equity stake in Guangzhou Zhudao Property Management from Beijing Jiuzhou Technology for 550,000 yuan, a Thursday Hong Kong bourse filing said.

The target firm and its unit Shijiazhuang Runhua both engage mainly in property management services, according to the Chinese infrastructure builder and property developer.

The acquisition, which is subject to shareholder approval, will allow the firm to boost its ability to manage diverse property types effectively, enable geographic expansion, and improve service offerings.