ENN reportedly could not complete the takeover of the LNG business because of a lack of approval from shareholders and a US panel monitoring foreign investments.
Toshiba will resume its process to move on from the business and stated that it will not book the planned group loss of approximately US$831 million related to the deal in the last financial year (ended 31 March 2019).
The company is targeting March 2020 for the completion of the transfer.
