diff --git a/bundler/Cargo.toml b/bundler/Cargo.toml
index 1cd8ae47ec82..029a34516b80 100644
--- a/bundler/Cargo.toml
+++ b/bundler/Cargo.toml
@@ -9,7 +9,7 @@ include = ["Cargo.toml", "build.rs", "src/**/*.rs", "src/**/*.js"]
 license = "Apache-2.0/MIT"
 name = "swc_bundler"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.29.1"
+version = "0.29.2"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 [features]
diff --git a/bundler/src/inline.rs b/bundler/src/inline.rs
index 88c5324e0eee..99e2b5320cc0 100644
--- a/bundler/src/inline.rs
+++ b/bundler/src/inline.rs
@@ -126,7 +126,7 @@ impl VisitMut for Inliner {
             Prop::Shorthand(i) => {
                 let orig = i.clone();
                 i.visit_mut_with(self);
-                if i.span.ctxt != orig.span.ctxt {
+                if i.span.ctxt == orig.span.ctxt {
                     return;
                 }
                 if i.sym != orig.sym {
diff --git a/bundler/tests/fixture/deno-9868/case1/input/entry.ts b/bundler/tests/fixture/deno-9868/case1/input/entry.ts
new file mode 100644
index 000000000000..fffac01ee43c
--- /dev/null
+++ b/bundler/tests/fixture/deno-9868/case1/input/entry.ts
@@ -0,0 +1,5 @@
+import { foo } from './temp2.ts';
+
+console.log({
+    foo
+});
\ No newline at end of file
diff --git a/bundler/tests/fixture/deno-9868/case1/input/temp2.ts b/bundler/tests/fixture/deno-9868/case1/input/temp2.ts
new file mode 100644
index 000000000000..eeafcde4751a
--- /dev/null
+++ b/bundler/tests/fixture/deno-9868/case1/input/temp2.ts
@@ -0,0 +1,2 @@
+const bar = 1;
+export { bar as foo };
\ No newline at end of file
diff --git a/bundler/tests/fixture/deno-9868/case1/output/entry.inlined.ts b/bundler/tests/fixture/deno-9868/case1/output/entry.inlined.ts
new file mode 100644
index 000000000000..dd1630abf42e
--- /dev/null
+++ b/bundler/tests/fixture/deno-9868/case1/output/entry.inlined.ts
@@ -0,0 +1,3 @@
+console.log({
+    foo: 1
+});
diff --git a/bundler/tests/fixture/deno-9868/case1/output/entry.ts b/bundler/tests/fixture/deno-9868/case1/output/entry.ts
new file mode 100644
index 000000000000..553b9d76ddb6
--- /dev/null
+++ b/bundler/tests/fixture/deno-9868/case1/output/entry.ts
@@ -0,0 +1,4 @@
+const bar = 1;
+console.log({
+    foo: bar
+});