Dec 2 (Reuters) - Hudson Investment Group Ltd HGL.AX :
* Proposed demerger and share sale HGL.AX
* Proposes to demerge warnervale property and other assets and liabilities through an in-specie distribution of shares to Hudson shareholders
* Directors of hgl unanimously recommending that hgl shareholders vote in favour of the proposed transactions
* Rafflesco , and raffles nominees agreed to sell their Hudson shares to huahan international holdings (Hong Kong) for 0.753 cents per share
* Rafflesco agreed to sell 89 million fully paid ordinary shares in Hudson to huahan for a total consideration of $670,170
* Raffles nominees has agreed to sell 36 million fully paid ordinary shares in Hudson to huahan for a total consideration of $271,080
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