PETALING JAYA: HCK Capital Group Bhd
is acquiring a third plot of land measuring approximately 1.2340 acres within the Setia City BizPark in Bukit Raja, Selangor, for RM19.35mil.
In a filing with Bursa Malaysia, the property developer said it acquired the plot from Bandar Setia Alam Sdn Bhd.
“With the acquisition of Plot 3, the total and combined cash consideration for the acquisition of Plot 1, Plot 2 and Plot 3 now stands at RM57.99mil.”
HCK Capital said the proposed acquisition aligns with its strategy to expand its landbank in prime growth corridors of Selangor, enabling future property development with high growth potential.
“The land is located within the established Setia City BizPark, a mature commercial precinct in the Bukit Raja region, which is well-connected by highways and surrounded by established townships.
“The strategic location and strong demand for commercial properties in the area are expected to enhance HCK Group’s earnings over the medium to long term.”
