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The parties are looking at having the deal done by the end of 2020, once China's currency regulator agrees to the transfer of funds.
November 30 -
China Oceanwide said it was not able to meet with Hony Capital to finalize the terms and conditions because of the pandemic.
October 1 -
Neither side opted to invoke their Aug. 31 termination rights and the deal is set to close by the end of September.
September 1 -
Most of the proceeds will be used to deal with debt maturities, with the rest held by the MI unit's parent.
August 21 -
“They are willing to play this to the end, one way or the other.”
August 13 -
The domestic mortgage insurer could have a portion of its equity sold as an initial public offering if the China Oceanwide transaction were to be terminated.
July 21 -
If the transaction does not go through, Genworth is looking at reviving a spin-out of its U.S. mortgage insurance business.
June 30 -
The latest deadline for Genworth Financial's acquisition by China Oceanwide is June 30, but the parties are looking to get the transaction completed by the end of next month.
April 1 -
Canada's housing market is poised for a hot spring — with lower mortgage rates likely to offset any major drag from the coronavirus.
March 3 -
Mortgage rates slipped this week, as the stock market sell-off resulted in investors moving into bonds which drove the 10-year Treasury yield down, according to Freddie Mac.
February 27