Merdeka Gold (EMAS) Applies for Stock Listing on Hong Kong Exchange
PT Merdeka Gold Resources Tbk (EMAS) has announced that it has submitted an application for stock listing (Form A1) to the Hong Kong Stock Exchange (HKEX) on 20 March 2026.
In this process, the company has appointed UBS Securities Hong Kong Limited and CITIC Securities (Hong Kong) Limited as joint sponsors. This is in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The application for listing in Hong Kong aims to expand the company’s access to international investors, increase the liquidity of its share trading, and provide greater flexibility in accessing funding to support the company’s future growth.
Additionally, this corporate action is intended to strengthen the company’s capital market platform and international profile, expand and diversify its shareholder base through access to global institutional investors, and enhance liquidity.
It is also expected to strengthen governance and reporting standards in line with international regulatory frameworks, as well as support the company’s long-term growth strategy, while adhering to applicable regulations and market conditions.
MGR is currently developing and operating the Pani Gold Mine located in Pohuwato Regency, Gorontalo Province, Indonesia, which is projected to rank among the top two primary gold mines in Asia by production levels in 2030.
The project achieved its first gold pour in February 2026 and completed its first gold sale in March 2026 to PT Aneka Tambang (Persero) Tbk (IDX: ANTM), based on a two-year domestic gold sales agreement with ANTM. This achievement marks the start of commercial gold production and is a significant step in the company’s operational activities.
President Director of Merdeka Gold Resources, Boyke Poerbaya Abidin, stated that the application for listing on HKEX is an important milestone following the successful IPO on the Indonesia Stock Exchange in September 2025 and the start of production at the Pani project.
“We remain focused on improving operations safely and delivering long-term value, while expanding access to international capital markets,” he said, as quoted from a written statement on Wednesday (25/3/2026).
In connection with this, a draft application proof of the listing document, with redactions, has been published on the Hong Kong Stock Exchange website for informational purposes only. The redacted application proof is a draft document submitted as part of the Listing Application process and is intended to provide a comprehensive overview of the company’s business activities, operations, financial information, and risk factors.
The listing document is not yet final and is subject to review and revision by the regulator, and it cannot be used as a basis for investment decisions.
There is nothing in this document or in the redacted draft application proof of the listing document that can be considered an offer to sell or a solicitation to buy securities, nor is it a public offering under Indonesian capital market regulations.
Shareholders and prospective investors are advised to note that the planned Hong Kong Listing Application is still subject to, among other things, regulatory approval and prevailing market conditions. Therefore, there is no guarantee that the Listing Application will proceed or be completed.
Shareholders and prospective investors are advised to exercise caution in transacting in the company’s securities. Further announcements will be made in accordance with applicable regulations.