President Theatre in Hong Kong has announced it will shut down on Tuesday, after operating in the city for more than half a century. The announcement came less than a week after another local cinema went out of business. Newport Circuit announced on Facebook last Saturday that President Theatre, which opened in October 1966, will close on April 30. The theatre located in Causeway Bay described its demise as “closing down with honour,” and thanked the support of the public. ‘Collective memories’Fans of the theatre expressed regret over the closure, with some saying the tickets sold by President…