PC Partner (HKG:1263, SGX:PCT) said the Hong Kong Stock Exchange's listing committee has approved its proposed voluntary delisting from the bourse, according to a Monday filing.

Hong Kong-listed shares of the firm were down nearly 2% in Tuesday morning trade.

The company received written confirmation from HKEX on Oct. 31 following shareholder approval at an extraordinary general meeting held on Oct. 6.

PC Partner intends to retain the existing primary listing of its shares on the Singapore Exchange, where trading commenced late last year.

The move comes as part of efforts to boost the flexibility of its future operations and reduce the administrative costs associated with maintaining a dual-listing status, it added.