Imagi sets secondary U.S. listing

'Astro Boy' firm aims to tap overseas capital

NEW YORK - Imagi, the Hong Kong computer animation company behind "Astro Boy," said Friday it will list shares on a new secondary U.S. market in September, a hurdle it must clear if it aims to trade on a major New York exchange.

Douglas Glen, Imagi CEO said the listing on the New York-based International over-the-counter exchange OTCQX "makes it much easier for U.S. investors to participate in our success."

In early July, Hong Kong-listed Imagi, which also made the hit "TMNT" movie in 2007, sold $40 million of ordinary shares to Singapore-based Oxley Spring Media.

"Astro Boy", directed by David Bowers ("Flushed Away"), will be released in 2009 by Summit Entertainment worldwide except for Hong Kong, China and Japan, where Imagi retains rights.

Imagi has development operations in Los Angeles and CG production studios at its Hong Kong headquarters.