Founder of major Chinese breakfast brand dies

Lin Bing-sheng, founder of Yon Ho Soy Milk and chairman of the board of Yonho Capital Group Co, died in Taipei, Taiwan, on Friday at the age of 70, the company has announced.

According to the obituary released on Saturday, Lin, who was the founding figure and key leader of Yonho Capital Group, died after medical treatment failed.

According to the company obituary, Lin devoted decades of his life to industrial development after founding Yon Ho Soy Milk, later expanding into the healthcare industry, equity investment and industrial mergers and acquisitions, while developing Special Purpose Acquisition Companies overseas. He established a diversified and standardized industrial ecosystem, laying a solid foundation for the group's expansion and long-term growth, the company added.

Yon Ho Soy Milk originated in the Yonghe district of New Taipei City, Taiwan, and is a well-known Chinese breakfast brand specializing in traditional foods such as soy milk, sesame flatbread and fried dough sticks.

In 1995, Yon Ho Soy Milk crossed the Taiwan Strait and entered the mainland market, establishing its headquarters in Shanghai. The brand has since grown into a widely recognized Chinese catering and food company with a presence across both sides of the Taiwan Strait and internationally.