the company also acquired a project in figueroa central, south park, downtown los angeles in 2013 (via tohigh construction investment) for not more than us$200 million. in mid-2014, oceanwide holdings planned to raise us$720 million to develop the l.a. project. on 10 september, the issue of us$320 million bond () by a spv: oceanwide real estate international holding was completed. in august 2015, the l.a. project was sold to the hong kong publicly traded subsidiary china oceanwide holdings limited, for an approx. us$190.5 million, excluding the values of shareholder's loan and external debts.