Dragon quits ASX for Hong Kong

LONG-term Australia-listed gold explorer Dragon Mining is thumbing its nose at its home bourse and planning to list on the Stock Exchange of Hong Kong.

Dragon quits ASX for Hong Kong Dragon quits ASX for Hong Kong Dragon quits ASX for Hong Kong Dragon quits ASX for Hong Kong Dragon quits ASX for Hong Kong

The company will take a proposal to delist from the Australian Securities Exchange to its shareholders at a meeting on May 2, in a potential wake-up call for the Australian Securities Exchange about its strength in serving junior miners active overseas.

All of Dragon’s material assets are in Sweden and Finland.

Dragon chairman Arthur Dew wrote in the annual report, also released today, that he and the board felt there was “a disconnect” between the company’s Australian listing and the Nordic base of its operations.

“As a result, there has not been significant interest in the company’s securities in Australia,” he wrote.

“Accordingly, consideration has been given to listin...