Brief: Hudson Investment updates on proposed demerger and share sale

Hudson Investment

02/12/2015 22:23

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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