as at 31 december 2005, oceanwide group via three subsidiaries, owned 48.17% shares of oceanwide construction group. it was increased to 70.42% in 2006 and 80.36% in 2008, due to acquiring assets from the parent company in all-share deal. it was diluted to 76.429% in december 2011. in october 2011, the company finally relocated its registered address from shenzhen to beijing.