IPO Timeline
Broker Deadline
2026-06-23
Morning deadline
HKEX Deadline
2026-06-23
Noon deadline
Broker Results (T-2)
2026-06-24
Some brokers release in afternoon
Grey Market (T-1)
2026-06-25
Afternoon
HKEX Allotment (T-1)
2026-06-25
Evening
Registrar Allotment (T-1)
2026-06-25
Evening
Listing Day (T)
2026-06-26
First day of trading
Cross-Market Price Comparison
| Other Listed Market | To be extracted |
|---|---|
| Other Market Stock Code | To be extracted |
| H-Share Offer Price | HK$ 26.60 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | MERDEKAGOLD-DRS |
|---|---|
| Stock Code | 06228 |
| Company Full Name | MERDEKAGOLD-DRS |
| Industry | Materials |
| Principal Activities | MGR乃一家於印尼證交所上市的黃金開採公司，是亞洲頂尖的純黃金生產商之一。以Pani金礦為依託，該項目為印尼最大的原生金礦，預計到2030年按產量將躋身亞洲前二大原生金礦之列。 |
| Listing Date | 2026-06-26 |
| Listing Rules Era | |
| Listing Rules Chapter | 18章（礦業公司） |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | To be extracted |
| Business Address (Hong Kong) | 香港銅鑼灣勿地臣街1號時代廣場二座31樓 |
| Place of Incorporation | 印尼 |
| Listing Method | 全球發售 |
| Listing Board | Main Board |
| Website | merdekagoldresources.com |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | 香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 |
| A-Share/US Dual Listing | Yes (印尼證交所) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 26.60 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 2,660 |
| Par Value | To be extracted |
| Offer Period | 2026-06-17 to 2026-06-23 |
| Global Offering Shares | 89,668,600 shares |
| HK Public Offer Shares (Initial) | 8,966,900 shares (10.0%) |
| Public Offer Lots (Initial) | 89,669lots (44,834lots, 44,835lots) |
| International Placing Shares (Initial) | 80,701,700 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 14,731,366,060 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 49.9% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 2,385,184,760 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 2,660 |
| 2 lots | 200 | HK$ 5,320 |
| 3 lots | 300 | HK$ 7,980 |
| 4 lots | 400 | HK$ 10,640 |
| 5 lots | 500 | HK$ 13,300 |
| 6 lots | 600 | HK$ 15,960 |
| 7 lots | 700 | HK$ 18,620 |
| 8 lots | 800 | HK$ 21,280 |
| 9 lots | 900 | HK$ 23,940 |
| 10 lots | 1,000 | HK$ 26,600 |
| 20 lots | 2,000 | HK$ 53,200 |
| 30 lots | 3,000 | HK$ 79,800 |
| 40 lots | 4,000 | HK$ 106,400 |
| 50 lots | 5,000 | HK$ 133,000 |
| 60 lots | 6,000 | HK$ 159,600 |
| 70 lots | 7,000 | HK$ 186,200 |
| 80 lots | 8,000 | HK$ 212,800 |
| 90 lots | 9,000 | HK$ 239,400 |
| 100 lots | 10,000 | HK$ 266,000 |
| 200 lots | 20,000 | HK$ 532,000 |
| 300 lots | 30,000 | HK$ 798,000 |
| 400 lots | 40,000 | HK$ 1,064,000 |
| 500 lots | 50,000 | HK$ 1,330,000 |
| 600 lots | 60,000 | HK$ 1,596,000 |
| 700 lots | 70,000 | HK$ 1,862,000 |
| 800 lots | 80,000 | HK$ 2,128,000 |
| 900 lots | 90,000 | HK$ 2,394,000 |
| 1,000 lots | 100,000 | HK$ 2,660,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 5,320,000 |
| 3,000 lots | 300,000 | HK$ 7,980,000 |
| 4,000 lots | 400,000 | HK$ 10,640,000 |
| 5,000 lots | 500,000 | HK$ 13,300,000 |
| 10,000 lots | 1,000,000 | HK$ 26,600,000 |
| 20,000 lots | 2,000,000 | HK$ 53,200,000 |
| 44,834 lots | 4,483,400 | HK$ 119,258,440 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 391,854,337,196 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於虧損狀態） |
| Profit/Loss Status | 虧損約27.5百萬美元 |
| Period-End Cash Balance | 13.3百萬美元 |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Underwriting Syndicate
Joint Sponsors (2)
UBS Securities Hong Kong Limited
中信证券（香港）有限公司 CE AAK249
Sponsor cum Overall Coordinator (1)
中信里昂证券有限公司 CE AAB893
Overall Coordinators (3)
中信里昂证券有限公司 CE AAB893
摩根士丹利亚洲有限公司 CE AAD291
香港上海汇丰银行有限公司
Joint Global Coordinators (5)
中信里昂证券有限公司 CE AAB893
摩根士丹利亚洲有限公司 CE AAD291
香港上海汇丰银行有限公司
中国国际金融香港证券有限公司 CE AEN894
麦格理资本股份有限公司 CE AAC534
Joint Bookrunners (12)
中信里昂证券有限公司 CE AAB893
摩根士丹利亚洲有限公司 CE AAD291
Morgan Stanley & Co. International plc
香港上海汇丰银行有限公司
中国国际金融香港证券有限公司 CE AEN894
麦格理资本股份有限公司 CE AAC534
星展亚洲融资有限公司 CE AAE430
瑞穗证券亚洲有限公司 CE AEZ953
法国外贸银行香港分行
华侨银行有限公司 CE AAC083
法国兴业银行（于法国注册成立的有限公司）
大华继显(香港)有限公司
Joint Lead Managers (12)
中信里昂证券有限公司 CE AAB893
摩根士丹利亚洲有限公司 CE AAD291
Morgan Stanley & Co. International plc
香港上海汇丰银行有限公司
中国国际金融香港证券有限公司 CE AEN894
麦格理资本股份有限公司 CE AAC534
星展亚洲融资有限公司 CE AAE430
瑞穗证券亚洲有限公司 CE AEZ953
法国外贸银行香港分行
华侨银行有限公司 CE AAC083
法国兴业银行（于法国注册成立的有限公司）
大华继显(香港)有限公司
Capital Market Intermediaries (11)
中信里昂证券有限公司 CE AAB893
摩根士丹利亚洲有限公司 CE AAD291
香港上海汇丰银行有限公司
中国国际金融香港证券有限公司 CE AEN894
麦格理资本股份有限公司 CE AAC534
星展亚洲融资有限公司 CE AAE430
瑞穗证券亚洲有限公司 CE AEZ953
法国外贸银行香港分行
华侨银行有限公司 CE AAC083
法国兴业银行（于法国注册成立的有限公司）
大华继显(香港)有限公司
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
盛信律师事务所 Assegaf Hamzah & Partners |
| Legal Advisor to Sponsors/Underwriters |
瑞生国际律师事务所有限法律责任合伙 Hiswara Bunjamin & Tandjung |
| Auditor and Reporting Accountant | 香港立信德豪会计师事务所有限公司 |
| Industry Advisor | CRU International Limited |
| Compliance Advisor | 新百利融资有限公司 CE BAU754 |
| Receiving Banks | 中国银行（香港）有限公司 |
| H Share Registrar | 香港中央证券登记有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 平安资产管理 | 30,000,000 USD | 8,838,200 | 9.86% | 0.60% | 6 months | 2026-12-26 |
| 2 | 万国黄金集团有限公司 | 20,000,000 USD | 5,892,100 | 6.57% | 0.40% | 6 months | 2026-12-26 |
| 3 | Glencore International AG | 20,000,000 USD | 5,892,100 | 6.57% | 0.40% | 6 months | 2026-12-26 |
| 4 | Mercuria Holdings (Singapore) Pte. Ltd. | 20,000,000 USD | 5,892,100 | 6.57% | 0.40% | 6 months | 2026-12-26 |
| 5 | 托克集团 | 20,000,000 USD | 5,892,100 | 6.57% | 0.40% | 6 months | 2026-12-26 |
| 6 | 开元矿业投资有限公司 | 10,000,000 USD | 2,946,000 | 3.29% | 0.20% | 6 months | 2026-12-26 |
| 7 | 广发基金管理有限公司 | 10,000,000 USD | 2,946,000 | 3.29% | 0.20% | 6 months | 2026-12-26 |
| 8 | 中伟（香港）新材料科技贸易有限公司 | 7,000,000 USD | 2,062,200 | 2.30% | 0.14% | 6 months | 2026-12-26 |
| 9 | Orix | 5,000,000 USD | 1,473,000 | 1.64% | 0.10% | 6 months | 2026-12-26 |
| 10 | Wind Sabre | 5,000,000 USD | 1,473,000 | 1.64% | 0.10% | 6 months | 2026-12-26 |
| 11 | DAMSIMF | 5,000,000 USD | 1,473,000 | 1.64% | 0.10% | 6 months | 2026-12-26 |
Directors & Management
| Chairman | To be extracted |
|---|---|
| Company Secretary | To be extracted |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 控股股東MCG持有本公司已發行股份的約63.33%。 |
|---|
Offering Structure
Subscription Tiers
IPO Timeline
