Poly Property Services' (HKG:6049) board has approved the proposed conversion of 193,666,690 domestic unlisted shares into H shares of the company, a Tuesday bourse filing said.

Following the conversion, which is subject to regulatory approvals, the property manager will apply to the Hong Kong Stock Exchange for the listing of the newly converted H shares.

The details of the H share full circulation are yet to be finalized and the firm will keep investors updated as and when needed.

Shares of the company closed nearly 4% lower on Tuesday.

Price (HKD): $31.65, Change: $-1.2, Percent Change: -3.51%