KAHC was going to go public with LCY without its bio chemical unit until recently. The SPAC that was going to acquire the bio chemical unit offered $575,000,000 and LCY Chemical (which KAHC will become) is a 75% shareholder. Therefore you could ascertain that the assets of Bioamber (held by LCYBH) were valued by the SPAC at roughly $431,000,000. By holding onto the biochem unit it appears that KAHC taking LCY Chemical (LCYC) public will increase the value of KAHC ultimately bringing greater value to KKR and the chairman of LCY Group Bowei Lee (who should be in jail for murder after the explosion) since it is all going through Carlton Holdings in the Cayman Islands. More information can be found on LCY Group's Linkedin page by sources close to LCY executives that I know.
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