Imagi International (HKG:0585) said Imagi Production Limited (IPL), which is the in-house arm of the company engaged in the digital production of animated films, will be applying to the Hong Kong court to appoint provisional liquidators.
IPL employed a total of approximately 250 employees, who will no longer be employed by the group, except for certain specialists with critical knowledge of systems and experience with animation production processes will be retained, Imagi said in a statement. The company has withdrawn financial support from IPL.
