PETALING JAYA: HCK Capital Group Bhd is acquiring land measuring 19,243 sq metres in Bukit Raja, Selangor, from Ecofirst Worldwide Sdn Bhd for RM34mil.

       In a filing with Bursa Malaysia, HCK said the proposed acquisition will be a synergistic purchase that will enable the group to increase its landbanks and improve its future development profits.

       “HCK will monitor its investment in the land and will adopt effective measures such as prudent management and efficient operating procedures to mitigate these factors, where required.

       “However, there can be no assurance that adverse economic, political and regulatory changes will not materially affect the company’s performance in the future,” it said.