BioAmber Inc fka BIOAQ

[bioaq_sh]

KKR said that the Lee family would have to come up with another US$290 million to buy the stake in Carlton [(Luxembourg) Holdings SARL] via an issuance of 200 million new shares.

KKR said that the Carlton [(Luxembourg) Holdings SARL] shares acquired following the takeover would not pay dividends and would have no liquidity in the next five years.

https://www.taipeitimes.com/News/biz/archives/2018/09/08/2003699991

Question: How and what did LCY do to come up with another US$290 million to buy their stake in Carlton, per this September 08, 2018 article?

My answer/opinion: After October 22, 2018, Bioamber's tangible assets were used as collateral for the additional US$290 million / 200 million shares that will not pay dividends until after 5 years.

KKR/LCY's deal closed 01/31/2019, then there was the day in Feb 2019 volume of BIOAQ shares traded BIOAQ spiked.

In addition, it has been mentioned LCY would be become public again outside of Taiwan somewhere between or after 5-7 years.