Toshiba 's attempts to sell its US liquefied natural gas ( LNG ) business have stalled again , after Chinese buyer ENN Ecological Holdings announced it would terminate its acquisition , citing " considerable delays in proceeding " . A previous bid to sell the LNG plant to US firm Tellurian also broke down . it announced it will reevaluate its strategy , after predicting an estimated 8 % rise in consolidated net profit of JPY870bn ( $ 7.83bn ) for the period ending March 2019 . The company faces losses of up to JPY1tn if it fails to sell any assets , as well as the business .
Toshiba's plans to sell its US liquefied natural gas (LNG) business have stalled again, after Chinese buyer ENN Ecological Holdings announced it would halt its acquisition, citing "considerable uncertainty in proceeding". A previous bid to sell the LNG plant to US firm Tellurian also broke down. Toshiba said it will reevaluate its earnings, after predicting an estimated 8% rise in consolidated net profit of JPY870bn ($7.83bn) for the year ending March 2019. The company faces losses of up to JPY1tn if it fails to sell any LNG, as well as the business.