Merdeka Gold Resources Applies for IPO on Hong Kong Stock Exchange

Gold mining issuer Merdeka Gold Resources Tbk has submitted an application for share listing or Initial Public Offering (IPO) to the Stock Exchange of Hong Kong Limited (HKEX). Company Secretary Adi Adriansyah Sjoekri stated that the company submitted the draft Application Proof to HKEX on 20 March 2026.

“The listing application is a strategic initiative to strengthen the company’s capital market platform and enhance its international profile,” said Adi in a disclosure to the Indonesia Stock Exchange, on Wednesday, 25 March 2026.

In addition, the listing application is expected to diversify and expand the company’s shareholder base by attracting international institutional investors. It will then increase liquidity through access to deeper global capital markets and strengthen corporate governance and reporting standards through compliance with international regulatory frameworks.

The listing application is also expected to enhance funding flexibility for future project development. Furthermore, Adi said that this listing application will support the company’s long-term development goals by improving accessibility for international investors seeking exposure to the Indonesian gold sector, while still considering applicable regulatory requirements and market conditions.

Adi stated that the draft application proof is currently under review by HKEX. “The draft listing document is not yet final. Therefore, it should not be used as a basis or relied upon,” he said.

Merdeka Gold Resources conducted an IPO on the Indonesia Stock Exchange in September 2025. This issuer, with the stock code EMAS, is a subsidiary of Merdeka Copper Gold Tbk (MDKA). Merdeka Gold Resources manages the Pani gold mine in Gorontalo, Sulawesi, with an active mining area of around 135 hectares. On Wednesday, 25 March 2026 at 11:59 WIB, EMAS shares were traded at Rp 8,575 per share.