GNW - Genworth says Covid-19 geopolitics raised due diligence issues

Genworth (GNW) said that Covid-19 and some geopolitical issues have raised additional due diligence issues for Hony Capital, which is helping fund China Oceanwide's acquisition of Genworth: executive commented on conference call.Says that the New York Stock Exchange's decision last week to delist China's big three telecommunications companies, may have impacted Hony Capital's thinking; the decision was reversed today, lifting shares of China Telecom (NYSE:CHA), China Mobile (NYSE:CHL) and China Unicom (NYSE:CHU) to big gains in Hong Kong tradingGenworth will have its next update when it reports earnings next monthGenworth plunged 29% yesterday after the Dec. 31, 2020 end-date for its long-planned merger with China Oceanwide Holdings passed without the companies extending it

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Genworth says Covid-19, geopolitics raised due diligence issues