Starland Holdings Joins SGX Catalist, Closes Higher on First-day Trading
by Jared Heng
Singapore Exchange Friday announced the listing of Starland Holdings on Catalist under the stock code “5UA”.
Starland Holdings is a developer of integrated residential and commercial properties in China. Its business model is vertically integrated from site selection and land acquisition, to project conceptualisation, construction, sale, completion and after-sale services.
Tan Hoe San, Executive Chairman and Managing Director of Starland Holdings, said: “The listing of Starland Holdings is a significant milestone marking the start of our growth path. As a Singaporean-owned and managed property developer, we see strong growth potential in the property market in the second- and third-tier cities like Chongqing in China. Our status as a Singapore-listed company will help us establish our brand in China as we embark on our growth plans.”
Starland Holdings’ listing brings the number of Catalist listings to 139.
The company closed first-day trading on Friday at S$0.315, higher than its IPO price of S$0.22.