Tokyo, 12 May 2026 – JX Advanced Metals shares fell sharply after the Japanese chip-materials supplier announced a plan to issue ¥250 billion, or about US$1.6 billion, in zero-coupon convertible bonds to fund a share buyback, triggering investor concerns over potential dilution and deal structure.
The stock dropped as much as 15%, marking its steepest intraday decline since April 2025, after the company said it was marketing euro-yen convertible bonds in two equal tranches maturing in 2029 and 2031.
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