China initiates probe into J&T Express over safety management failures

China’s postal regulator has opened an investigation into J&T Express over failures in safety management, sending shares of the Hong Kong-listed courier down as much as 11 per cent on Thursday.
The State Post Bureau said it had formally launched a case against J&T Express Co after multiple work process safety accidents occurred this year at enterprises using the J&T brand, business name and delivery waybills.
After trading as high as HK$8.87 earlier in the day, the stock slid to HK$7.85...