PT Merdeka Gold Resources is preparing for a Hong Kong listing that could raise at least $500 million as soon as June, according to people familiar with the matter. The Jakarta-listed company plans to issue Hong Kong depositary receipts, a structure rarely used in the city in more than a decade. Market participants said a Hong Kong listing could help Indonesian companies broaden their investor base and reduce reliance on domestic liquidity amid concerns over free float, trading liquidity and tra

PT Merdeka Gold Resources is preparing for a Hong Kong listing that could raise at least $500 million as soon as June, according to people familiar with the matter. The Jakarta-listed company plans to issue Hong Kong depositary receipts, a structure rarely used in the city in more than a decade. Market participants said a Hong Kong listing could help Indonesian companies broaden their investor base and reduce reliance on domestic liquidity amid concerns over free float, trading liquidity and transparency in Indonesia’s market.