Dagang NeXchange Berhad (KLSE:DNEX) entered into a conditional sale of shares agreement to acquire Forward Energy Generation Ltd from Forward Energy Ltd for MYR6.7 million on December 20, 2018. Dagang NeXchange Berhad will off-set against part of the amount owing by Forward Energy Sdn Bhd. The transaction is subject to the approval of the Board of Directors of Forward Energy Ltd and Dagang NeXchange Berhad, approval by Forward Energy Ltd's shareholders, approvals from government or regulatory body or third party and execution of the conditional sale of shares agreement for Forward Energy Sdn Bhd disposal. The transaction is not subject to the approval of Dagang NeXchange Berhad's shareholders. The transaction is expected to close by the first quarter of 2019. The transaction is expected to contribute positively to the future earnings and net assets of Dagang NeXchange Berhad. Dagang NeXchange Berhad (KLSE:DNEX) completed the acquisition of Forward Energy Generation Ltd from Forward Energy Ltd on January 18, 2019. As a result of the transaction, Forward Energy Generation Ltd has become a wholly-owned subsidiary of Dagang NeXchange Berhad.