November 4 -- The chairman of Yon Ho Soybean Milk Group, Lin Bingsheng, said on November 3 that the company is gearing up for an initial public offering on the Small and Medium-Sized Enterprises (SME Board) in the next two years, reports 163.com.

Lin said the company is planning to open another 100 new outlets in 2012, and expand its soybean planting area in northeast China.

The company's current annual soybean output is about 100,000 tons.

Lin expects to export the company's soybeans to overseas markets, in additional to domestic sales.

Lin confirmed that all the soybeans used in the production of their products are non-genetically modified soybeans. At present, the company had to import soybeans from overseas markets in order to meet production needs.

Yon Ho currently has 500 stores throughout the country.