Merdeka Gold Resources Explores Potential Hong Kong Listing
Jakarta. Merdeka Gold Resources (EMAS), a subsidiary of miner Merdeka Copper Gold (MDKA), has confirmed it is exploring the possibility of listing its shares on the Hong Kong stock exchange, while stressing that discussions remain at a preliminary stage.
In a clarification filed with the Indonesia Stock Exchange (IDX) on Thursday, EMAS Corporate Secretary Adi Adriansyah Sjoekri said the company is still conducting an initial assessment of a potential Hong Kong initial public offering and has yet to finalize any concrete plans.
“As the process is still in its early stages, the company does not yet have detailed or definitive plans as reported, nor is there any material information that can be disclosed to the public at this time,” Adi said in the company's public disclosure on Thursday.
Adi added that EMAS is currently unable to provide further details regarding the objectives of a potential Hong Kong listing, its indicative timeline, or the possible impact on the company’s performance and long-term strategy. The company also stated it has no other material information or events that could affect its business continuity or share price.
The clarification follows a Bloomberg report, which said EMAS had appointed Citic Securities Co., Morgan Stanley, and UBS Group AG to advise on a possible Hong Kong share sale. EMAS did not confirm the appointment of advisers in its disclosure.
Hong Kong has emerged as an increasingly attractive destination for regional mining and resource companies seeking access to deeper pools of international capital. In 2023, Hong Kong Exchanges & Clearing Ltd. signed a cooperation agreement with the IDX to explore cross-border listings between the two markets, a move aimed at broadening investor access and improving market connectivity.
EMAS is the operator of the Pani Gold Mine in Pohuwato, Gorontalo province, on the island of Sulawesi. The project is the company’s flagship asset and is being developed using a heap leach processing method, with plans to add a carbon-in-leach (CIL) facility in a later phase. The company is targeting first gold production in the first quarter of 2026.
Tags: Keywords:
as a preferred
Related Articles
Merdeka Gold Debuts in Hong Kong in Indonesia’s First Dual Listing in Over 20 Years
Merdeka Gold began trading in Hong Kong, becoming the first Indonesian company to secure a dual listing on HKEX in over 20 years.The Latest
Christiane Amanpour to Leave CNN After 43 Years
Her announcement came weeks after media corporation Paramount Skydance formally took over Warner Bros. Discovery, the parent company of CNN.
Indonesia Records Rp 1.54 Quadrillion in Investment Through September
Cumulative investment since President Prabowo Subianto took office on Oct. 20, 2024, had reached approximately Rp 3.92 quadrillion.
UN Boss Wants to Fix Security Council as Indonesia Seeks Seat
Outgoing UN chief Guterres says the current permanent member setup at the Security Council fails to reflect today's realities.
Saudi Flagship Investment Conference Pushed to 2027 after Houthi Attacks
The annual Future Investment Initiative (FII), often dubbed "Davos in the Desert", was originally scheduled to take place from October 26-29
Government Sets Aside Rp 1.3 Quadrillion for Final-Quarter Spending
Government spending has reached Rp 2.66 quadrillion, equivalent to 69.2% of the full-year budget target of Rp 3.84 quadrillion.Most Popular
