The deadline for the impending merger between Genworth Financial and China Oceanwide has been extended to 31 January. The deadline for the deal to conclude was previously 15 March, but has been pushed back due to the need for further regulatory approval and to account for Chinese New Year. The merger has been given the green light by US insurance regulators but still needs the go-ahead from Canadian authorities as well as the US Financial Industry Regulatory Authority (FINRA). Oceanwide also still requires clearance in China for the transfer of funds to complete the transaction.
The deadline for the impending merger between Genworth Financial and China Oceanwide has been extended to 15 March. The deadline for the deal to conclude was previously 31 January, but has been pushed back due to the need for further regulatory approval and to account for Chinese New Year. The merger has been given the green light by US insurance regulators but still needs the go-ahead from Canadian authorities as well as the US Financial Industry Regulatory Authority (FINRA). Oceanwide also still requires clearance in China for the transfer of funds to complete the transaction.