HONG KONG — Hong Kong’s Peter Ho-Sun Chan is teaming up with Andrew Lau on the $15 million actioner “The Guillotines,” the third helmer named on the project.

“Guillotines” was to be helmed by “Bodyguards and Assassins” director Teddy Chen, but he ankled over script issues in April. Chen had replaced Dante Lam as helmer.

“Infernal Affairs” trilogy director Lau also took over duties temporarily on “Bodyguards and Assassins” when Chen left that project.

“Guillotines” started principal photography in early September in Shanxi province and is co-production between Chan’s We Pictures and Media Asia Film. Stellar Mega Films, Dingsheng Cultural Industry Investment Co. and Polyface Films Co. are also on board.

Set in the Ming Dynasty, pic follows a group of street urchins trained to be part of a undercover group of assassins using a guillotine.

Producer Chan says the pic is not a remake of the 1974 Shaw Brothers movie “The Flying Guillotine,” which is why he has changed the English name.

Media Asia will handle sales in Asia (excluding China), while Chan’s sales outfit We Distribution will take charge of international sales.

Pic features Ethan Juan (“Monga”), Huang Xiaoming (“Ip Man 2”) and “The Message,” Shawn Yue (“Reign of Assassins”) and and Boran Jing (“Hot Summer Days”).

Pic also features action choreographer Lee Tat-Chiu and costume designer Dora Ng, who worked on “Bodyguards and Assassins.”