Sept 19 (Reuters) - iCandy Interactive Ltd ICI.AX :
* ICandy proposed acquisition of Mobile games sudio inzen ICI.AX
* Entered into a termsheet to acquire a 100% interest in Singapore-headquartered inzen studio pte. ltd.
* Says the proposed acquisition is valued at sg$ 6 million
* Acquisition to be satisfied in ordinary shares of iCandy at a issuance price of 5-day volume weighted average price
* Source text