Imagi International (HKG:0585) has said that it is still in discussions with various potential investors in regards to a possible investment in it. These discussions are ongoing and no definitive agreement has been reached or entered into, and further updates and announcements will be made where appropriate in accordance with the Listing Rules, the company says.
As part of its major review of operations, with effect from 25 January 2010, Imagi has withdrawn funding support from its US subsidiaries in order to safeguard working capital. The company has terminated the employment contracts of approximately 30 staff members, and its US office in Los Angeles has now been closed.
