Rashid, who held sole lead at the halfway stage had seven bogeys, four of them on the front nine, and even three birdies between 12th and 16th failed to get his challenge going. Rashid (76) ended at one-over 289.
Rashid, while taking pride in his tied-third place result in his first attempt at the Mercuries Taiwan Masters, said, "I didn't putt well again today. I was just grinding out there and trying to hang in there throughout the round. It's been a learning week for me and although I didn't finish well, I'm still happy with a tied-third place finish and looking forward to the next few tournament coming up."
Rashid and Adilson da Silva of Brazil, who shot 72, were tied for third at one-over 289.
Of the other Indians Himmat Rai (74) was Tied-20th, Gaganjeet Bhullar (74) was Tied-23rd, while S Chikka (72) was Tied-27th and Chiragh Kumar (75) finished Tied-42nd.
Meanwhile, Liang dropped a shot on second and Rashid bogeyed first and third. Chia turned in three-under and was seven-under for the tournament, while Liang had slipped to three-under after being two-over for front nine.
Rashid had four bogeys on front nine and from three-under overnight he went to one-over and became two-over with the day's fifth bogey at 10th.
The back nine was also dramatic, as Chia bogeyed four times and Liang bogeyed the 11th and then birdied 13th and 15th to come back into contention before three bogeys in a row took the trophy away from him. Rashid had birdied on 12th, 15th and 16th but bogeys on 14th and 18th ruined whatever chances he may have had.
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