Renrui Human Resources Technology Holdings Ltd. (6919:HKG), a staffing provider based in Chengdu, China, said it is eyeing the acquisition of a group of companies providing staffing services to local commercial banks in China.

The announcement, released this week, said negotiations on the possible acquisition are ongoing.

Renrui said the potential acquisition is in line with its strategy of expanding its coverage to roles at financial institutions.

Last month, Renrui announced revenue had risen 78.0% year over year to CNY 2.13 billion (USD 329.3 million) in the six months ended 30 June.

Profit for the period had risen 40.8% to CNY 74.7 million (USD 11.6 million).