Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. have announced a 10th deal completion deadline extension.
The new extension will push the deadline back to June 30, from today, the companies said Monday.
China Oceanwide — a Beijing-based real estate developer and financial services company — first announced plans to acquire Genworth in October 2016.
Genworth is a Richmond, Virginia-based company that’s still a significant mortgage insurance issuer and is still selling long-term care insurance (LTCI). It has large blocks of life insurance, annuities and LTCI still in force.
Genworth has said that it will report on its first-quarter earnings later today and hold a conference call with securities analysts at 8 a.m. Eastern Daylight Time Wednesday.