March 14 (Reuters) - Hudson Investment Group Ltd HGL.AX :
* Cancellation of the proposed share sale & demerger HGL.AX
* Says proposed share sale and demerger announced on 3 December 2015 will not proceed
* "ASIC has not granted relief, and the company has elected not to proceed with the demerger"
* Source text for Eikon ID:nASX4fR5BZ