ocean Financial and China Oceanwide Holdings Group will delay their planned merger until 30 may , following a " lack of transparent feedback or guidance " from Canadian regulators over the closure of Genworth MI Canada . Genworth said the lack of consultation had forced it to consider " strategic alternatives " for MI Canada to address the need for Canadian regulatory approval for the Oceanwide merger . Oceanwide said it was keen to close the proposed merger to provide " certainty " to stockholders .
Genworth Financial and China Oceanwide Holdings Group will delay their planned merger until 30 November, following a "lack of transparent feedback or guidance" from Canadian regulators over the sale of Genworth MI Canada. Genworth said the lack of progress had forced it to consider "strategic alternatives" for MI Canada to avoid the need for Canadian regulatory approval for the Oceanwide merger. Oceanwide said it was keen to close the Genworth merger to bring "certainty" to stockholders.