MERDEKAGOLD-DRS IPO Sees Strong Demand, Hong Kong Public Offering Oversubscribed 4.42 Times

Stock News
06/25

The distribution results for MERDEKAGOLD-DRS (06228) have been announced. The company is issuing 89,668,600 depositary receipts, with the Hong Kong public offering comprising 10% and the international offering making up the remaining 90%. The issue price for each depositary receipt is HK$26. The net proceeds from the global offering are expected to be approximately HK$2.269 billion. Each board lot consists of 100 depositary receipts. The depositary receipts are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Friday, June 26, 2026.

The Hong Kong public offering portion was oversubscribed by approximately 4.42 times. The international offering portion was oversubscribed by approximately 7.67 times.

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