X.J. Electrics (HKG:2619) said it plans to convert 204.7 million domestic unlisted shares into Hong Kong-listed shares, according to a Thursday Hong Kong bourse filing.
Shares of the lifestyle household goods manufacturer were down nearly 1% in Friday's late morning trade.
The proposed conversion represents about 75% of the company's total issued share capital.
The conversion and listing are subject to regulatory approvals, including filings with China's securities regulator and approval from the Hong Kong stock exchange.