Preparing for "dual listing", Merdeka Gold (EMAS) applies for IPO in Hong Kong

Jakarta (ANTARA) - PT Merdeka Gold Resources Tbk (IDX: EMAS) has submitted a listing application (Form A1) to the Hong Kong Stock Exchange (HKEX).

The listing application in Hong Kong signifies the company’s expansion of access following its initial public offering on the Indonesia Stock Exchange (BEI) in September 2025.

President Director of PT Merdeka Gold Resources Tbk, Boyke Poerbaya Abidin, stated in a written release in Jakarta on Wednesday that the submission of the listing application to HKEX is an important step after the IPO on BEI and the start of production at Pani earlier this year.

“We remain focused on enhancing operations safely and delivering long-term value, while expanding access to international capital markets,” said Boyke.

A draft application proof of the listing document, redacted, has been published on the Hong Kong Stock Exchange website.

The company stated that the document is not final, remains subject to review and revision by regulators, and should not be used as a basis for investment decisions.

“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,” it said.

For the record, MGR is currently developing and operating the Pani Gold Mine located in Pohuwato Regency, Gorontalo Province, Indonesia.

The mine is estimated to rank among the two highest-producing primary gold mines in Asia by 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 marks the beginning of commercial gold production and is an important step in the company’s operational activities.