Paul Y Engineering raises $411 million for luxury Macau project

The Hong Kong construction company is teaming up with a well-known Macau dealmaker to build a boutique hotel and casino that will become the main asset of the group.

<div style="text-align: left;"> Macau's Cotai Strip </div>

Anette Jönsson

January 25, 2013

Paul Y Engineering Group (PYE), a Hong Kong-listed construction and engineering firm, has raised $411 million from the sale of new shares and convertible bonds that will be put towards a highly exclusive boutique casino project in Macau.

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