Feb 27 (Reuters) - QANTM Intellectual Property Ltd (QIP) :
- RESPONSE TO MEDIA SPECULATION
- HAS RECEIVED A NON-BINDING INDICATIVE PROPOSAL FROM ROUSE INTERNATIONAL HOLDINGS LIMITED
- NON-BINDING INDICATIVE PROPOSAL IN RELATION TO A POTENTIAL ACQUISITION OF ALL SHARES IN QANTM
- QANTM BOARD RECOMMENDS THAT SHAREHOLDERS TAKE NO ACTION AT THIS TIME
- AGREED TO ROUSE'S REQUEST TO CONDUCT DUE DILIGENCE WITH A VIEW TO PUTTING FORWARD A BINDING OFFER
- NO CERTAINTY TRANSACTION CAPABLE OF BEING CONSIDERED BY SHAREHOLDERS WILL EVENTUATE
