March 25, 2026 | 05:26 pm
TEMPO.CO, Jakarta - Gold mining company Merdeka Gold Resources Tbk has filed for the listing of its shares, or Initial Public Offering (IPO), with the Stock Exchange of Hong Kong Limited (HKEX). The Corporate Secretary of Merdeka Gold Resources, Adi Adriansyah Sjoekri, stated that the company submitted the draft Application Proof to HKEX on March 20, 2026.
"The listing application is a strategic initiative to strengthen the company's capital market platform and enhance the company's international profile," said Adi in the disclosure to Indonesia Stock Exchange, on Wednesday, March 25, 2026.
Furthermore, the listing application is expected to diversify and expand the company's shareholder base by attracting international institutional investors. It will also increase liquidity by providing access to a deeper global capital market. Additionally, it will strengthen corporate governance and reporting standards by ensuring compliance with international regulatory frameworks.
The listing application is also expected to increase funding flexibility for future project development. Additionally, Adi stated that this listing application will support the company's long-term development goals by improving accessibility for international investors seeking exposure to Indonesia's gold sector, while adhering to applicable regulatory requirements and market conditions.
Adi mentioned that the draft application proof is currently under review by HKEX. "The listing document draft is not yet final. Therefore, it should not be used as a basis or relied upon," he said.
Merdeka Gold Resources conducted its IPO on the Indonesia Stock Exchange in September 2025. The stock with the 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. As of Wednesday, March 25, 2026, at 11:59 AM local time, EMAS stock was trading at Rp8,575 per share.
Read: Indonesia Extends Individual Tax Filing Deadline to April 30
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