Aug 31 (Reuters) - Quintis Ltd QIN.AX
* Forbearance agreement with noteholders
* Provides update on company's 8.75 pct senior secured notes
* Negotiates forbearance agreement with noteholders
* Has executed a forbearance agreement with a significant majority of noteholders
* Forbearance agreement will continue until 1 March 2018
* In agreement noteholders agree to refrain from taking enforcement action on default arising from non-payment of 1 aug instalment of interest
* Company is continuing discussions with a number of parties in relation to a recapitalisation