the acquisition of hutchison harbour ring by china oceanwide group was a leverage buyout. due to the exchange control, oceanwide holdings had guaranteed its subsidiary oceanwide holdings international, the spv to acquire hutchison harbour ring of not more than hk$4 billion. (eventually a hk$3.3 billion was borrowed from a financial services company in hong kong, that the name was not disclosed) the final purchase price was approx. hk$3.823 billion, or about hk$0.60 per share. in october oceanwide holdings international borrowed a further us$140 million from cti capital management to support the san francisco project (mentioned below), and 1,650,608,520 number of shares of hong kong public company, china oceanwide holdings were pledged. the borrowing would be used as inter-company loan. however, in october 2015, the obligation to refurbish the residual hk$1.35 billion loan used in the buyout of china oceanwide holdings was transferred from oceanwide holdings international to oceanwide holdings international investment, the entity for san francisco project, making the two inter-company transaction cancel out.