Nov 30 (Reuters) - Villa World Ltd VLW.AX :
* Eynesbury sale update
* Says advises that settlement of the second tranche did not occur on 27 November 2015
* Says company is currently considering a proposal from the purchaser to remedy its default
* Says further update will be provided upon the outcome of negotiations with the purchaser, expected by 4 December 2015
* Source text for Eikon ID:nASXbRGrwR