Genworth’s would-be buyer helped build modern China

October 27, 2016 by Allison Bell

Lu Zhiqiang, the head of the Beijing-based company that has agreed to pay cash for Genworth Financial, has had decades of experience with complicated projects that involve delicate negotiations with government officials.

Securities analysts on a conference call Monday asked executives from Richmond, Virginia-based Genworth Financial about how they would get a major component of the deal approved by Delaware insurance regulators.

Lu, the chairman of China Oceanwide Holdings Group Co. Ltd., has gotten big real-estate development deals approved by the government of China.

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Originally Posted at LifeHealthPro on October 26, 2016 by Allison Bell.