in november 2014, china oceanwide group (via tohigh property investment) acquired a project located in first street corner mission street, san francisco for us$296 million. again, it was a leverage buyout, as oceanwide holdings international investment, the intermediate parent company of aforementioned tohigh property investment, planned to borrow us$160 million from industrial and commercial bank of china, which oceanwide holdings, had pledged some of the assets located in the mainland china to the bank. in august 2015, us$400 million bonds () were issued by another spv: "oceanwide holdings international 2015 co., ltd." for the san francisco project. in april 2016, china oceanwide group borrowed a further hk$1.08 billion from citic bank international and other financial services company, buy pledged the shares of china oceanwide holdings limited.