Hong Kong - Imagi, a developer and producer of computer-animated movies ("TMNT"), said on Tuesday that it has raised $30 million in new financing, through placements of its shares with Shui On Holdings Limited and Mehta-Imagi.

Hong Kong-based Imagi, which has development operations in Los Angeles, said that the new funds will be used for the development of four feature-length CG animated films, including "Astro Boy" and "Gatchaman," slated for release in 2009 and 2010, respectively.

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