Scandinavian House Development SA (“Scandinavian House” or the “Company”) has acquired 100% of the shares of Swedish construction company E3-Hus Produktion AB, located in Bålsta, Sweden. E3 Hus is one of Sweden’s leading construction companies focused on design and construction of modules to built ready-made low-energy residential houses, fabrication halls, school buildings and small and easy to build container solutions. By this acquisition the share capital of Scandinavian House has been increased to a total of CHF 4,300,000. The acquisition has been completed in January 2013.
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