Legendary in Hong Kong Production Deal With Paul Y Engineering

Aug. 21 (Bloomberg) -- Legendary Entertainment, the film production company behind “Inception” and the “Hangover” movies, will raise $220.5 million for a Hong Kong venture through Paul Y. Engineering Group Ltd.

Paul Y. Engineering will fund its 50 percent stake by selling new shares to private equity firm AID Partners and, through UBS AG, selling shares to other investors, the Hong Kong-based company said today in a statement.

To contact the reporter on this story: Anthony Palazzo in Los Angeles at apalazzo@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net