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Joinland Group Delivering Socio-Economic Benefits To Papua New Guinea Islanders

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Over 3 Million Trees Planted on New Hanover Island

 

KUALA LUMPUR, MALAYSIA – Media OutReach – 20 November 2020 – The Joinland Group, a diversified Malaysian conglomerate of varied business interests, has planted over 3 million trees on the Papua New Guinea (PNG) island of New Hanover since the inception of its agriculture and forestry venture, the Central New Hanover Agro-Forestry Project in 2012.

 

This milestone achievement is just one of many initiatives that the Joinland Group has undertaken to ensure the long-term and sustainable socio-economic development of both the island and its residents — meeting its commitments as a responsible partner to the island community.

 

Since the New Hanover Project began, Joinland Group has planted 2.5 million rubber trees, 560,000 cocoa trees and 54,000 coconut trees in order to create sustainable jobs and income for local residents and landowners both now and in the future.

 

Commenting on this achievement Dato’ Sri Thomas Hah Tiing Siu, the founder of Joinland, said, “We are happy to have achieved this tree planting milestone. Our New Hanover project in Papua New Guinea is benefitting members of the surrounding communities as the efforts of our labour over the past eight years are starting to bear fruit. Our goal is to empower the people of New Hanover and provide opportunities for them to earn income both in the short and long term.”

 

Joinland’s New Hanover Project, which covers a total of 56,592 hectares, was always planned as a long-term project with several phases designed to contribute to the economic and social growth of the residents of New Hanover. The first phase, which was to develop New Hanover’s underutilised land in a sustainable manner, is well underway. While Joinland has already planted over 3 million trees, the company is committed to hitting a target of 5 million by 2022.

 

The second phase of the project, encompassing the processing and marketing of the agricultural crops, is currently in progress with the objective of ensuring that New Hanover’s farmers and landowners reap maximum value for these agricultural resources. The third phase of the project is also already underway. This phase is focused on environmental sustainability, primarily the reforestation of areas cleared as part of the project.

 

Currently Joinland is planting 15 essential native tree species for every single tree cleared as part of its forestry activities, which fund all the socio-economic investments that the company is making to benefit the residents of New Hanover and the Papua New Guinea government via enhanced tax revenues. So far, the company has planted over 800,000 calophyllum trees, as part of its effort to preserve the natural ecosystem of the island.”

Concluding Dato’ Sri Thomas, said, “Joinland has clearly demonstrated its long-term commitment to the sustainable socio-economic development of New Hanover and its residents. We are happy with what we have achieved to date, but are also determined to maintain and even enhance our efforts in partnership with the Papua New Guinea government, New Hanover stakeholders and residents moving forward. We remain committed to successfully developing the island and improving the lives of everyone on it.”

 

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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Northern Star Investment Corp. II Announces Pricing of Upsized $350,000,000 Initial Public Offering

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Northern Star Investment Corp. II (the Company) announced today that it priced its upsized initial public offering of 35,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (NYSE) and will begin trading tomorrow, Tuesday, January 26, 2021, under the ticker symbol NSTB.U. Each unit consists of one share of the Companys Class A common stock and one-fifth of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and redeemable warrants are expected to be listed on the NYSE under the symbols NSTB and NSTB WS, respectively.

Northern Star Investment Corp. II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company may pursue an initial target business in any stage of its corporate evolution or in any industry or sector, it initially intends to focus its search on target businesses primarily in the beauty, wellness, self-care, fashion, e-commerce, subscription and digital-media sectors. The Company is led by Joanna Coles, Chairperson and Chief Executive Officer, and Jonathan Ledecky, President and Chief Operating Officer.

Citigroup Global Markets Inc. is acting as the sole book running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 5,250,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: 1-800-831-9146.

Registration statements relating to these securities have been filed with the Securities and Exchange Commission (SEC) and became effective on January 25, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SECs website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investors

Melissa Calandruccio

ICR, Inc.

646-277-1273

Media

Jonathan Gasthalter/Nathaniel Garnick

Gasthalter & Co.

(212) 257-4170

[email protected]

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HHR: CA’s $2.6B Federal Rent Relief; Eviction Moratorium Extension ‘A Step in the Right Direction’

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Housing justice advocates from Housing Is A Human Right (HHR) are calling California Governor Gavin Newsom and the legislative leaderships extension of the states eviction moratoriumnow in place through June 30, 2021and their intention to quickly and equitably deploy $2.6 billion in federal COVID stimulus money for renter and landlord relief a step in the right direction. However, advocates note the unprecedented scale and enormity of the problems still facing tenants and landlords as a result of the pandemic and are urging even more action.

In a joint press statement released earlier today by Governor Newsom, Senate President Pro Tempore Toni Atkins and Assembly Speaker Anthony Rendon announcing the extension of the eviction moratorium, the trio stated, We are also moving forward as quickly as possible to deploy Californias share of the latest federal stimulus bill “ ensuring that up to $2.6 billion in renter aid is administered quickly, equitably and accountably.

Todays announcement by Governor Newsom, Assembly Speaker Rendon and Senate Pro Tempore Atkins is a welcome step in the right direction and we thank them for taking swift action that will bring relief to millions of tenants and landlords alike. However, until the coronavirus pandemic is under control, an additional $2.4 billion should be allocated from the state and distributed equitably with or without landlord participation to prevent evictions, said Susie Shannon, policy director for Housing Is A Human Right.

Last week, the states Legislative Analysts Office (LAO) issued a report asserting that the cumulative rent debt owed by California renters due to the COVID-19 pandemic was $400 million. HHR and its parent organization, AIDS Healthcare Foundation (AHF), were both deeply skeptical of the estimate, believing it to be woefully low.

Two weeks ago, Housing Is A Human Right advocates called on Newsom and the California Legislature to quickly create a $5 billion Renters and Small Landlords Survival Fund as a means to shortstop what many see as a looming eviction crisis prompted by the devastating economic havoc the coronavirus pandemic has caused throughout California over the past year.

As part of that effort, the groups ran a series of ˜The COVID Eviction Emergency Is Here advocacy ads in four newspapers across the state: the Sacramento Bee, San Francisco Chronicle, Los Angeles Times, and San Diego Union-Tribune.

California also has a welcome, if unexpected, 2021 state budget surplus of at least $15 billion (and which one budget watchdog previously predicted could be as large as $26 billion), according to Bloomberg. Housing advocates are urging Governor Newsom and state budget officials to direct a significant portion of that surplus, together with the $2.6 billion stimulus package from Washington, toward tenant and landlord relief.

California is currently home to 17 million renters, making up roughly 43 percent of the states population. And while eviction bans and moratoriums (several of which have been extended one or more times) that have been put in place on a national, state and local level have helped keep many struggling renters in their homes, whats needed is truly meaningful financial assistance for both renters and the small landlords who house them. Well-intended one-time $600 payments from the state or federal government will simply not allow tenants to cover their missedand growingback rent obligations nor make landlords, who have also faced significant economic hardship as a result of the pandemic, whole.

According to several news sources, the U.S. Treasury has a Jan. 26 deadline to distribute $26 billion in federal rent relief funds to state and local governments. California is expecting $2.6 billion of those funds.

Ged Kenslea, Senior Director, Communications for AHF, +1.323.791.5526, [email protected]

 

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Panopto Opens New Office in Singapore

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Panopto, the leading video management system provider for higher education and large enterprises, has opened a commercial office in Singapore in response to significant growth in demand in Asia. This increased presence complements the companys existing office in Hong Kong and builds upon Panoptos Singapore-based data centre, which hosts Panoptos Asia-Pacific Cloud.

Panopto has been a trusted partner for prominent enterprises such as SK Telecom and higher education institutions such as Singapore University of Social Sciences, as well as Hong Kong Polytechnic University.

Panopto is widely recognized as the video management system that is easiest to use among businesses and universities. It is an integrated solution for creating, sharing, searching, and viewing video. Fortune 1000 companies use Panopto to deliver online training, manage meeting recordings, broadcast corporate events, improve employee onboarding, and create secure video libraries. Within universities, Panopto is the leading solution for centralizing and managing video content, recording lectures, flipping the classroom, streaming campus events, and integrating video with learning management systems.

Its appropriate to ring in the new year in Asia with a new office in Singapore, said Elle Hosek, General Manager, Panopto Asia. Panopto has seen dramatic growth in the use of video by higher education and large enterprise institutions, and our scalable solution is used by customers in over 14 countries throughout Asia. Panopto has been servicing customers in Asia on its Singapore-based cloud since 2018, and were excited to expand our presence.

With Panoptos direct presence in Singapore, we will benefit from even more timely access to the latest technology developments and support from their local team. High-quality video recordings of our classroom teaching integrated seamlessly into our Universitys online learning platform is crucial. We look forward to strengthening our partnership with Panopto,” said Lee Chye Seng, Director of Learning Systems and Applications at Singapore University of Social Sciences (SUSS).

About Panopto

Panopto helps businesses and universities create secure, searchable video libraries of their institutional knowledge. Since 2007, the company has been a pioneer in video capture software, video management, and inside-video-search technology. Today, Panoptos video management system is the largest repository of expert learning videos in the world. Headquartered in Seattle, with offices in Pittsburgh, London, Hong Kong, Singapore, and Sydney, Panopto has received industry recognition for its innovation, rapid growth, and company culture. For more information, visit www.panopto.com.

Maddie Nance

[email protected]

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