Hainan Yedao Group (600238), a leading medicinal wine producer, is entering the beverage industry to develop a coconut protein drink with a sales target of one billion yuan over the three years, reports 163.com.
According to Chairman Zhang Chunchang, Yedao plans to seek opportunities outside its core businesses of food, drink, spirits and medicinal wines while terminating various other health-care related businesses. It plans to integrate production processes of drinks requiring coconut, pawpaw and mango in the future.
Over the next three years, the beverage business will become a major source of income for the listed company.
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