Notice of Approval under the Financial Sector (Shareholdings) Act 1998 - China Oceanwide Holdings Group Co., Ltd.

Administered by Department of the Treasury

Legislation au C2018G00948 In force Gazette

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Financial Sector (Shareholdings) Act 1998

Notice of Approval under Subsection 14(1) and Revocation under Subsection 18(3)

I, Josh Frydenberg, Treasurer, being satisfied that it is in the national interest, under subsection 14(1) of the Act, approve China Oceanwide Holdings Group Co., Ltd.

(中国泛海控股集团有限公) and its associates mentioned in the attached Schedule, to:

                 hold in the following financial sector companies:

               a 74% stake in the financial sector company Genworth Mortgage Insurance Australia Limited ABN 72 154 890 730;

               a 100% stake in the financial sector companies Genworth Financial Mortgage Insurance Pty Limited ABN 60 106 974 305 and Genworth Financial Mortgage Indemnity Limited ABN 55 001 825 725;

                 under subsection 18(3) of the Act, revoke the approval previously granted on 8 March 2018 to China Oceanwide Holdings Group Co., Ltd.

(中国泛海控股集团有限公) and its associates mentioned in the Schedule attached to that approval.

The approval takes effect from the date that Asia Pacific Global Capital USA Corporation merges with and into Genworth Financial, Inc. The approval remains in force indefinitely.

The revocation takes effect on the date this instrument is signed.

 

Dated: 26 November 2018

 

 

JOSH FRYDENBERG

Treasurer


SCHEDULE of associates

Zhiqiang Lu

Qiongzi Huang

Xiaoyun Lu

Tohigh Holdings Co., Ltd. (通海控股有限公司)

Oceanwide Group Co., Ltd. (泛海集团有限公)

Oceanwide Energy Holdings Co., Ltd. (泛海能源控股股份有限公司)

Oceanwide Holdings Co., Ltd. (泛海控股股份有限公司)

Beijing Oceanwide Xinhua Real Estate Co., Ltd. (北京泛海信华置业有限公)

Oceanwide Capital Investment Management Group Co., Ltd. (泛海资本投资管理集团有限公)

Wuhan CBD Development & Investment Co., Ltd. (汉中央商务区建设投资股份有限公)

Asia Pacific Global Capital Co., Ltd. (太寰宇投资有限公)

Asia-Pacific Universe Investment (Hong Kong) Limited (亚太寰宇投资(香港)有限公)

Asia Pacific Insurance Holdings Limited (亚太保险控股有限公司)

Asia Pacific Global Capital Limited (亚太寰环球资本有限公司)

Asia Pacific Insurance USA Holdings LLC

 

Asia Pacific Global Capital USA Corporation

 

Tohigh Holdings Development Limited

 

Tonghai International Group Investment Limited

 

 

 

 

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.