July 22 (Reuters) - iCandy Interactive Ltd ICI.AX :
* XCADEMY HAS INFORMED COMPANY THAT IT DOES NOT INTEND TO FULFILL CERTAIN MILESTONES LEADING TO COMPLETION OF AGREEMENT
* CO & XCADEMY TERMINATED AGREEMENT BY WHICH CO WOULD HAVE SUBSCRIBED FOR 20% STAKE IN XCADEMY
* COMPANY NOTES THAT IT HAS NO LIABILITIES INCURRED WITH REGARDS TO TERMINATION OF AGREEMENT