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Starland names IFA for advice on GRP Chongqing's offer

STARLAND Holdings has appointed Canaccord Genuity Singapore as the independent financial adviser (IFA) to advise it with regard to the mandatory unconditional cash offer made by GRP Chongqing Land.

GRP Chongqing Land is the wholly owned indirect subsidiary of GRP Limited. The offer price for each share is S$0.236.

Starland advised shareholders to refrain from taking any action that may be prejudicial to their interests and to exercise caution when dealing in their shares.