Glencore, Trafigura to Invest in Merdeka’s Hong Kong Listing (opens original article in a new tab)

Glencore, Trafigura, and Mercuria are investing in Merdeka Gold's Hong Kong listing, which could raise up to HK$2.4 billion through Hong Kong depositary receipts, aiming to enhance the company's international profile and test investor interest in non-Chinese listings.

• Glencore, Trafigura, and Mercuria are key investors in Merdeka Gold's Hong Kong listing as cornerstone investors.
• Merdeka Gold's Hong Kong listing aims to raise up to HK$2.4 billion through selling shareholders offering 89.7 million Hong Kong depositary receipts.
• The listing tests investor appetite for HDRs and non-Chinese companies, with global investors losing confidence in Indonesia.