---
title: "J&T Global slips most in over 9 months on $596 million convertible bonds dilution fears"
description: "Shares of J&T Global Express fell 5.4% to HK$10.52, marking the largest decline since April 7. The Indonesian courier plans to raise HK$4.65 billion ($596 million) through convertible bonds, aimed at "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/273466443.md"
published_at: "2026-01-23T05:15:22.000Z"
---

# J&T Global slips most in over 9 months on $596 million convertible bonds dilution fears

> Shares of J&T Global Express fell 5.4% to HK$10.52, marking the largest decline since April 7. The Indonesian courier plans to raise HK$4.65 billion ($596 million) through convertible bonds, aimed at expanding overseas, advancing technology, and optimizing capital structure. The issuance will convert into 319.6 million new shares, raising concerns about potential dilution. Year-to-date, the stock is up 3.1%, while the Hang Seng Index has risen 4.2%.

\*\* Shares of J&T Global Express slip 5.4% to HK$10.52, on track for the biggest one-day pct decline since April 7

\*\* Indonesian courier service seeks to raise HK$4.65 bln ($596 mln) through an issue of convertible bonds

\*\* Proceeds to develop overseas business, for technology advancement and to optimise capital structure, among others

\*\* Bonds are convertible into 319.6 mln new shares, or 3.5% of the enlarged share capital, and that triggers concern of dilution effect on shares

\*\* YTD, stock up 3.1%, Hang Seng Index up 4.2%

($1 = 7.7983 Hong Kong dollars)

### Related Stocks

- [01519.HK - J&T EXPRESS-W](https://longbridge.com/en/quote/01519.HK.md)
- [516530.CN - Yinhua CSI Modern Logistics ETF](https://longbridge.com/en/quote/516530.CN.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.