HK Recently Listed Stocks Watch | MERDEKAGOLD-DRS (06228.HK): 1H Revenue Up Over 366 Times YoY, 44.7798 Million Cornerstone HDRs to Be Unlocked on December 26

NewTimeSpace News: On October 15, 2026, MERDEKAGOLD-DRS (06228.HK) traded weakly, with each depositary receipt quoting HKD 33.84 as of 15:10, down 2.70%.

On the news front, according to previous disclosures, 11 cornerstone investors collectively hold 44.7798 million depositary receipts, with lock-up periods all ending on December 25, 2026 and official unlocking from December 26, 2026. The cornerstone lineup involves Ping An Asset Management (Hong Kong), WANGUO GOLD GP, Kaiyuan Mining and others.

According to public information, MERDEKAGOLD-DRS (06228.HK) listed on the Main Board of The Stock Exchange of Hong Kong Limited on June 26, 2026 at an offer price of HKD 26.60 per depositary receipt, with a global offering of 89.6686 million depositary receipts; net proceeds were approximately HKD 2.269 billion; the Hong Kong public offering was 4.42 times subscribed and the international offering 7.67 times subscribed.

In terms of performance, the company disclosed its first interim results after listing in August 2026, recording revenue of USD 30.857 million for the first half of 2026, up nearly 367 times year on year; loss attributable to owners of the parent was USD 14.877 million, narrowed by 7.31% year on year.

CITIC SEC noted that since September, gold ETF and central bank gold purchase flows have exceeded expectations, providing a relatively full hedge against liquidity selling pressure on the futures side, and gold prices have shown signs of stabilizing over the past two weeks, with the potential to rise from the bottom at end-June; gold equities usually rebound ahead of gold prices, so the current stabilization of gold prices may become an important signal for a rebound in the gold sector.

MERDEKAGOLD-DRS (06228.HK) is an Indonesian gold mining company whose controlling shareholder is PT Merdeka Copper Gold Tbk, listed on the Indonesia Stock Exchange; its core asset, the Pani gold mine, is located in Gorontalo Province on Sulawesi Island, Indonesia, mainly producing gold doré bars and silver doré bars as a by-product.