on 5 august 2015, via china oceanwide real estate development iii limited, china oceanwide holdings limited acquired 80 south street in new york city for us$390 million. on 20 august, via china oceanwide real estate development i limited, the hong kong public company acquired the entire share capital of oceanwide real estate international investment and its subsidiaries (the l.a. project) from the parent company (the chinese public company), as well as a shareholder's loan of us$24,573,000 to oceanwide plaza llc (the entity to construct the project), for a total of us$215.1 million. in a separate deal, the hong kong public company acquired 60% stake of an indonesian power plant in medan (known as mabar elektrindo) from china oceanwide holdings group, a private company and parent company of both hong kong and beijing based public company for us$37.09 million.