Chairman of Crimson Capital Visits Yada International

On February 5th 2013, Chairman of Yada International Mr. Jiang Jianning, Vice Presidents Mr. Zhou Jianping and Ms. Gao Xiang met the Founder and Chairman of Crimson Capital Mr. Mart Bakal and his working team in Yada International’s Beijing headquarters.

Mr. Jiang Jianning expressed warm welcome to Mr. Bakal and presented detailed information on the development strategies of Yada International and progress of Wuzhen International Health Ecological Park. Mr. Bakal acclaimed the planning concepts of Wuzhen project and the idea of establishing Medical Park and the Unversity for the Aged. He agreed that the rigid demand of the aged for health care and education resources would drive the success of Wuzhen Project, and Wuzhen mode would possibly be the role model of China’s aging community. Mr. Bakal hoped to take a step further for cooperation in the area of aged-care and rehabilitation services.

Mr. Jiang Jianning said it is worth to learn from the rich experience of the United States’ aged care industry. Yada is willing to strengthen communication and cooperation with related parties, to create first-class aged-living community in line with China’s national conditions.

Crimson Capital was founded in 1991. The investor is CalPERS and its investment covers the high-end aged care industry, consumption, manufacturing and entertainment industry etc. In the past 20 years, Crimson has restructured over 700 State-owned Enterprises and brought over US$7 billion of international capital to invest in companies in Eastern Europe. Crimson Capital (China) is a private equity fund focused on China. Together with the world famous aged care operation team, Crimson Capital (China) is aiming at providing advanced management mode and experience for China’s strategic partners and establishing world class aged-living communities.