Senior Management of CIR Group Visits Yada International

On Sep 10th 2013, Chairman of Yada International Mr. Jiang Jianning warmly received Director of CIR Group, Head of Asia Pacific Investment Mr. Cesare Bastianini and Analyst of Riverland Capital Mr. Ricky Zhu at Yada’s Beijing headquarters. Vice President Ms. Gao Xiang and General Manager of Finance Department Mr. Dong Huanbo attended the meeting.

After hearing the briefing on background of Yada and the progress of Wuzhen and Beijing Project, Mr. Cesare Bastianini said that Wuzhen Project’s large scale, well equipped facilities and clear business model were critical for the success. Then, Mr. Cesare Bastianini gave a detailed introduction on CIR Group and specified the rehabilitation and aged-care business of CIR as well as their development strategy in China.

Mr. Jiang Jianning pointed out that aged-care and rehabilitation industry had great market potential in China. Central and local governments had formulated a number of policies to encourage and support the industry development this year. Recently the State Council Executive Meeting presented clearly that social forces should play the leading role of China’s aged-care industry. Currently the aged-care industry in China was short of advanced technology and experience in high-end healthcare services. Aged-care business of CIR would have broad prospect in China’s market.

At last, both sides exchanged views on development status and market prospect of China’s rehabilitation and aged-care industry and had a discussion on possibilities for future cooperation.

CIR (Compagnie Industriali Riunite), established in 1976, is an Italian diversified industrial company and is listed on the Milan Stock Exchange. Its business covers energy, media, automotive components, healthcare and aged-care etc. In 2012 CIR posted consolidated revenues of over 5 billion euros. Now it has 15000 employees and 3 listed companies.