ENN Natural Gas Co. announces its board has terminated a planned restructuring. The plan included a nearly $12 billion buyout offer for ENN Energy Holdings Ltd. and a proposed second listing in Hong Kong. According to the reports, the board ends the restructuring process rather than proceeding with the related corporate steps. The outlets describe the restructuring as encompassing both the buyout proposal and the intention to list the company in an additional market. With the termination, the company does not move forward with those elements as outlined in the earlier proposal. The reports do not provide additional detail in the shared text on the board’s specific reasons for discontinuing the restructuring, nor do they state new alternative plans. The decision is presented as a board-level action that stops the restructuring and its associated transactions.