Choucas S.A.

purchase, construction, sale, trade, management and administration of real estate; the company may carry out all financial or commercial operations related to its purpose or apt to promote it; the company may participate in other companies and establish branches and subsidiaries, both in Switzerland and abroad; the company may acquire, hold, manage and dispose of participations in other companies and make loans or grant guarantees; it may grant loans or guarantees to shareholders or affiliated companies if it serves its interests