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Updated · Nikkei Asia · Jun 26Merdeka Gold Shares Drop 6.5% on Hong Kong Debut as Miner Seeks Overseas Capital
3 articles · Updated · Nikkei Asia · Jun 26Summary
- Merdeka Gold Resources finished 6.5% lower in its Hong Kong trading debut on June 26 after opening flat.
- The Indonesian gold miner listed in Hong Kong to tap the city's strong capital market and raise overseas funding.
- That push for capital came even as softer gold prices weighed on sentiment toward the loss-making company.
Insights
Is an Indonesian miner's Hong Kong listing a strategic escape or a leap into another volatile market? In a tech-dominated IPO boom, can a traditional gold miner find stable ground in Hong Kong's market?