Shares of J Assets have climbed about 160% this yr, giving the corporate a market worth of 6 trillion rupiah ($392 million).
Budiarto and representatives for J Assets didn’t reply to requests for remark.
The Indonesian firm produces about 200,000 ounces of gold a yr, based on its web site, which says J Assets intends to department out into different metals and nations over the longer-term. Its present liabilities exceeded property by $87 million on the finish of final yr, with loans and borrowings totaling about $335 million, an organization monetary assertion reveals.
(By Elffie Chew)