On its shareholders meeting held on 18th, June 2013, Scandinavian House Development SA (“Scandinavian House” or the “Company”) also has resolved an authorized capital increase from currently CHF 4,300,000 by CHF CHF 2,150,000 to CHF 6,450,000. The capital increase can be implemented by the Board of Directors for various purposes and in portions. The authorization for the capital increase is valid for two years. By this authorization the Board of Directors is now in the situation to react more flexible and fast to catch opportunities for further acquisitions of suitable companies or the formation of Joint Ventures that may support the business plan and the company’s goal for an international expansion.
Disclaimer; Forward-Looking Statements:
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