CITIC Resources Holdings Faces Legal Proceedings Over Seram Block in Indonesia
CITIC Resources Holdings Limited has announced ongoing legal proceedings concerning its interests in the Seram Block in Indonesia. The case involves a challenge against SKK Migas, Indonesia's oil and gas regulatory agency, regarding the appointment of PT Petro Indo Mandiri $(PIM)$ as the temporary operator of the Seram Block. The State Administrative Court in Indonesia has accepted the claim, and a pre-trial hearing is scheduled for October 2, 2025. CITIC Resources has stated its intention to vigorously defend its rights and interests in accordance with applicable laws and the joint operating agreement. The company has advised shareholders and investors to exercise caution when dealing in its securities.
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