Tuesday, July 16, 2019 11:16:01 PM
It means that BioAmber Inc. owns that subsidiary...wait for it...wait for it...wholly.
For example, "wholly owned subsidiary" would not be used if a company were only partially owned by BioAmber Inc. (think of a phrase something like "partially owned subsidiary"), which used to actually be the case when Mitsui owned a portion of BioAmber Sarnia Inc.
However, Mitsui sold their stake in BioAmber Sarnia Inc. to BioAmber Inc. in the fall of 2017.
But, of course, everyone knows that.
For example, "wholly owned subsidiary" would not be used if a company were only partially owned by BioAmber Inc. (think of a phrase something like "partially owned subsidiary"), which used to actually be the case when Mitsui owned a portion of BioAmber Sarnia Inc.
However, Mitsui sold their stake in BioAmber Sarnia Inc. to BioAmber Inc. in the fall of 2017.
But, of course, everyone knows that.
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