The company's purpose is to plan, develop, further develop, manufacture and maintain, repair, purchase, hold, sell, commercially exploit and charter watercraft of all kinds, including yachts, boats, catamarans, sailing ships, tender boats and other watercraft, rent out boat moorings on water and on land, and provide related services to third parties and affiliated individuals and companies. The company can acquire, hold and sell intellectual property rights of all kinds, register and exploit them. It can also acquire, sell, hold, manage and finance participations in companies of all kinds. Furthermore, it can carry out, realize and finance transactions and projects related to the company's purpose. The company can establish and finance subsidiaries abroad, set up branches and business establishments, and participate in companies in Switzerland and abroad. It can also provide financing for its own account or for the account of third parties, as well as grant guarantees, sureties and other securities of all kinds for subsidiaries, sister or parent companies and third parties, to the extent that this serves to promote the company's purpose. The company can acquire, encumber, hold, sell and manage real estate in Switzerland and abroad, and carry out all other legal transactions that are suitable to contribute to the development of the company and are in direct or indirect relation to the company's purpose.