March 15 (Reuters) - Authorised Investment Fund Ltd AIY.AX :
* SIGNED NON- BINDING TERM SHEET TO ACQUIRE 30% STAKE IN NEW JV BETWEEN ASIAN INTEGRATED MEDIA & AMBIENT DIGITAL GROUP
* UPON AIY SUBSCRIBING FOR ITS 30% EQUITY INTEREST IN VENTURE, ADG WILL HOLD 55% AND AIM WILL HOLD 15% INTEREST IN VENTURE