The new coronavirus pneumonia — Covid-19 — has affected a shareholder meeting scheduled by Oceanwide Holdings, a publicly traded affiliate of China Oceanwide Holdings Group Co. Ltd.
China Oceanwide is a Beijing-based real estate developer and financial services company that’s been trying to acquire Genworth Financial Inc. since late 2016.
Oceanwide Holdings had scheduled a special shareholder meeting for Tuesday, to give shareholders a chance to weigh in on proposed asset sales, and on the appointment of a new director.
The government of China has been encouraging companies to take long winter holidays, in an effort to limit the spread of the Covid-19 pneumonia.
The potentially deadly pneumonia has been most common in and around the city of Wuhan but has also started to affect people in other cities in China.