Shenzhen Pagoda Industrial (Group)'s (HKG:2411) board approved the firm's proposal to convert all 85,448,554 of its existing unlisted shares into H shares, a Tuesday Hong Kong bourse filing said.

The shares represent 5.551% of the company's issued share capital as of Tuesday.

To date, the firm has not applied to the CSRC for approval of the H share full circulation or to the Hong Kong stock exchange to list and deal in the converted H shares.