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Joinland Group Anticipates Better 2021

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New Agricultural Projects Expected To Contribute To Group Revenues

 

KUALA LUMPUR, MALAYSIA – Media OutReach – 12 January 2021 – The Joinland Group, a diversified Malaysian conglomerate of varied business interests, is looking forward to the future with optimism, due to two new agricultural projects that are coming onstream in Sarawak over the course of the year.

 

Dato’ Sri Thomas Hah Tiing Siu, the founder of Joinland, said, “We have decided to invest in the agricultural aspect of our business, both to diversify income for the overall group and because it’s clear as that there is both high and growing demand particularly for fresh pineapple/coconut and pineapple/coconut-based products from neighbouring countries, the Middle East and China. As such we began pineapple and coconut planting in the Sungai Rait and Kuala Baram areas of Sarawak earlier this year. We believe that this will create an important revenue stream for the business moving forward.”

 

According to Malaysia’s Ministry of Agriculture (MOA) Malaysia exported RM419 million in pineapple products in 2019 — a 60% increase over 2018* — and the Ministry also predicted annual growth for the industry exceeding 5%.** Likewise, while coconut is currently Malaysia’s fourth largest industrial crop, behind oil palm, rubber and rice, the demand for coconut products has also been growing rapidly driven by higher awareness of the health benefits of the fruit.***

 

As part of its agricultural focus, Joinland has invested in R&D, technology and automation to ensure the best productivity, fruit quality, storage and delivery in the industry. Joinland will be planting the ‘Matag’ variety coconut and the ‘MD2, N36 and Josapine’ pineapple variants.

 

The company is focusing on downstream processing to ensure value creation for its agricultural products and to ensure compliance with food and safety standards (HACCP, Halal, GMP, MesTi, etc.), which will in turn ensure the marketability and premium pricing of these products through the company’s international partnerships and sales channels. 

 

The Joinland Group, which is headquartered in Miri, Sarawak, is involved in many different businesses including a major agro-forestry project on the island of New Hanover in Papua New Guinea, Swiftlet Farming in Sarawak, real-estate management (including developments in Malaysia, Singapore and China) and substantial investments in seven other businesses in Malaysia, Singapore, China and New Zealand.

 

Just as it has done for businesses worldwide, the COVID-19 pandemic did impact Joinland’s revenues and operations in 2020. The biggest impact was on the company’s Swiftlet Farming operations, with both a reduction in the price of edible bird nests (due to reduction of tourism and interstate transportation complications), as well as operational issues (travel restrictions) which limited oversight of the production houses.   

Commenting on this Dato’ Sri Thomas Hah Tiing Siu, commented, “We expect that things will gradually improve in 2021, although this may take a while. Many of the very severe restrictions that were imposed with the first Movement Control Order (MCO) in Malaysia have gradually eased, which has helped, but we will continue to face challenges in 2021, particularly in the Swiftlet Farming element of our business due to the low-price of edible bird nests, labour supply issues and increased operational costs due to higher transportation charges. This is why we are delighted to have got our new agricultural projects underway.”

 

In concluding, Dato Sri Thomas, said, “Despite the unpredictable nature of life at the moment, I am confident that Joinland Group is well positioned to ride out any further turbulence thanks to the wide ranging and diverse nature of our business. We are excited about what the future holds and are looking forward to growing the business further during 2021.” 


Sources:

  * https://www.freshplaza.com/article/9225741/ministry-of-agriculture-to-intensify-efforts-to-find-land-for-pineapple-cultivation-in-malaysia/

  ** https://www.thestar.com.my/business/business-news/2019/11/27/china-a-new-market-for-malaysias-pineapples

  *** https://www.theedgemarkets.com/article/agriculture-coconut-revival

About Joinland Group

The Joinland Group is a diversified Malaysian conglomerate including property, plantation, forestry and agricultural management, insurance and shipping businesses, to name a few. The company operates businesses and investments in many markets including Malaysia, Singapore, Brunei, Australia, Papua New Guinea, China and New Zealand, among others.

 

The company was founded by Dato’ Sri Thomas Hah Tiing Siu, a self-made entrepreneur who started out in the cold storage business. In 2013 he was awarded the honorary title of Dato’ Sri by the Sultan of Pahang (Malaysia) in recognition of his management skills and business acumen in building the Joinland Group.

 

For more information on the Joinland Group please visit www.joinlandgroup.com.my

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Acclime establishes a strong foothold in Australia with the acquisition of CoSec Corporate Services

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HONG KONG, Feb. 28, 2021 /PRNewswire/ — Acclime, the premier corporate services provider in Asia, is pleased to announce that it has completed the acquisition of CoSec Corporate Services, a highly regarded firm specialising in assisting foreign clients enter and operate in Australia. With this acquisition, in addition to the presence in nine key Asian jurisdictions and a European sales office in the Netherlands, Acclime's footprint now extends into Australia, with additional sales offices in the United States of America and the United Kingdom.

Founded by Blair Lucas and Paul Dixon in 2011, CoSec offers clients entering and operating in Australia a full suite of incorporation, hosting and compliance services under one roof. The firm has extensive experience in assisting life science companies looking to conduct clinical trials in Australia and take advantage of the government's 43.5% R&D incentive program. CoSec also works with foreign companies in various industries that wish to establish a presence in the lucrative Australian market. The firm's service package covers market entry assistance, incorporation, and all ongoing accounting, payroll, and tax compliance services necessary to maintain a compliant entity.

“This is the logical next step for CoSec and presents a strategic opportunity to be part of a larger international team with established resources and networks across Acclime's established Asian portfolio,” Blair Lucas, Co-founder and Chief Executive Officer of CoSec said. “We are excited at the opportunities that lay ahead and the value we can deliver to Acclime's clients through our presence and deep understanding of the Australian, US and UK markets.”

“Each market has its own complex corporate and compliance regimes which are difficult to navigate for companies who are looking to expand into new regions,” Paul Dixon, Co-founder and Chief Financial Officer of CoSec said. “As a result of this strategic integration, our clients can benefit from a wider spectrum of professional services and gain access to regional experts to help them navigate complex emerging Asian markets.”

Australia is a trading nation and a high-growth destination for foreign investment. Twelve of its 15 largest markets are in Asia and Oceania, showing how integrated Australia's economy is with the Asian neighbours,” Martin Crawford, Co-founder and CEO of Acclime said. “With our expansion plan, having a strong footprint in Australia – an integral and desirable market in the Asia-Pacific region – is critical. CoSec fits perfectly with what we do at Acclime – assisting clients to expand and succeed in whichever Asian market they choose to enter and operate within.”

CoSec will formally transition to the Acclime brand on 1 June 2021.

About Acclime

Acclime, the premier corporate services provider in Asia, helps corporate and private clients to advance their businesses and interests in difficult-to-navigate markets in emerging Asia. The company's vision is to reinvent the corporate services sector with innovative solutions that are seamlessly delivered to the highest global standards.

For further information, please visit www.acclime.com

About CoSec

Established in 2011, CoSec has successfully managed the initial and ongoing Australian expansions for over 500 clients across a broad range of industries. Our full capabilities include company incorporation, compliance and accounting support, registered office and CFO services, and resident directors. CoSec is located in Melbourne, Sydney, Brisbane and Adelaide, with representatives based in San Francisco and London.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/acclime-establishes-a-strong-foothold-in-australia-with-the-acquisition-of-cosec-corporate-services-301237013.html

SOURCE Acclime

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Citi Plus® Official Launch Ceremony

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HONG KONG SAR – Media OutReach – 22 February 2021

Photo 1


Mr Lawrence Lam, Consumer Business Manager of Citibank Hong Kong, introduces saving, investment and spending services of Citi Plus® that are designed to suit needs of the younger generation.

Photo 2


Mr Lawrence Lam, Consumer Business Manager of Citibank Hong Kong, and Ms Josephine Lee, Head of Retail Bank at Citibank Hong Kong, unveil Citi Plus® at the official launch ceremony.

Photo 3



Mr Lawrence Lam, Consumer Business Manager (third from left) and Ms Josephine Lee, Head of Retail Bank of Citibank Hong Kong (forth from left), exchange wealth management tips with singer Hins Cheung (fifth from left), Jason Chan (first from left), artist Elva Ni (second from left), and athlete Cecilia Yeung (sixth from left), and talk about how Citi Plus’ features can address clients’ pain points, supporting them to achieve investment goals.

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Voluntary Announcement: IND Approval Received for A Phase III Clinical Trial of OT-101 in the United States

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HONG KONG SAR – Media OutReach – 22 February 2021 – This announcement is made by Ocumension Therapeutics (the “Company“, together with its subsidiaries, the “Group“) on a voluntary basis to keep the shareholders of the Company and potential investors informed of the latest business updates of the Group.

The board of directors of the Company (the “Board“) is pleased to announce that an investigational new drug (“IND“) approval for initiating a multi-regional phase III clinical trial (the “Phase III MRCT“) in the United States for OT-101, a self developed product of the Group, has been received from the United States Food and Drug Administration in February 2021. The Company plans to file IND applications with the regulatory authorities in both China and Europe Union in 2021 and initiate the Phase III MRCT of OT-101 in these regions accordingly.

OT-101 is a low-concentration atropine 0.01% eye drop developed by the Group to retard, or slow down, the progression of myopia in children and adolescents. The instability of low-concentration atropine solutions has long been a technical barrier for its commercialization. The Group developed a storage and delivery system to address low-concentration atropine solution’s instability, and also conducted several rounds of tests on the system’s reliability, closure integrity and sterility conditions.

Cautionary Statement required by Rule 18A.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited: The Company cannot guarantee that it will ultimately commercialize OT-101 successfully. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board of

Ocumension Therapeutics

Dr. Lian Yong CHEN

Chairman and Executive Director

As of the date of this announcement, the Board comprises Dr. Lian Yong CHEN, Mr. Ye LIU, Dr. Zhaopeng HU and Dr. Wei LI as executive directors, Mr. Yanling CAO and Mr. Lefei SUN as non-executive directors, and Mr. Ting Yuk Anthony WU, Mr. Lianming HE, and Mr. Yiran HUANG as independent non-executive directors.


Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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