Boost in HK pic coin

World Brief

The local movie biz is getting a HK$10 million ($1.3 million) boost.

Ruili Holdings, which is changing its name to See Corp., will invest that money in 30 digital movies a year.

The company has joined with 12 local directors to form an artists’ management subsidiary to help provide talent.

CEO Carl Cheung and Paul Cheng, who is in charge of movie production, couldn’t be reached for comment.

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