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KunMing Sinobright Department Store

In 2001, Beijing Geyuan Investment Consulting Co., Ltd., through its controlling subsidiary Sinoway Investment Corporation, invested in KunMing Sinobright Department Store Co., Ltd. (stock code: 000560), Yunnan’s largest commercial enterprise listed on the Shenzhen Stock Exchange, with total assets exceeding 1.3 billion RMB. At that time, the company was deeply mired in massive debt, insolvent, and on the verge of bankruptcy. After Sinoway Investment Corporation took control, it promoted debt restructuring, institutional reforms, and other self-rescue measures. The company cut hundreds of cash-burning projects that were draining its resources, redirected its limited funds and talent to focus on its core department store and hotel businesses, and gradually turned losses into profits. Subsequently, Mr. Dao Feng He once again drove asset mergers and acquisitions as well as restructuring for KunMing Sinobright Department Store Co., Ltd., which significantly improved the company’s cash position and led to a substantial increase in its market capitalization.

GeYuan Group

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