Friday, December 29, 2023 3:30:29 PM
VISOLIS, LCY CHEMICAL CORP, LCY BIOSCIENCES, AND KKR
BioAmber completed the CCAA proceedings (Companies Creditor's Arrangement Act), on December 23, 2019 upon the filing of the Discharge Certificate. Under CCAA, (Canada law, not US) BioAmber was not in liquidation, receivership, or bankruptcy. The monitor was PwC (PriceWaterhouseCoopers) with extended powers from the Canadian court, and facilitated sales transactions with Visolis and LCY Chemical Corp, which together formed the joint venture LCY Biosciences "LCYB", the designated purchaser that purchased and will now continue to operate the Sarnia plant.
LETTER OF INTENT FOR INVESTMENT IN BIOAMBER INC.
LCY Chemical Corp. itself was purchased by KKR in a 1.5 billion dollar acquisition.
DO GOVERN YOURSELVES ACCORDINGLY
BioAmber completed the CCAA proceedings (Companies Creditor's Arrangement Act), on December 23, 2019 upon the filing of the Discharge Certificate. Under CCAA, (Canada law, not US) BioAmber was not in liquidation, receivership, or bankruptcy. The monitor was PwC (PriceWaterhouseCoopers) with extended powers from the Canadian court, and facilitated sales transactions with Visolis and LCY Chemical Corp, which together formed the joint venture LCY Biosciences "LCYB", the designated purchaser that purchased and will now continue to operate the Sarnia plant.
LETTER OF INTENT FOR INVESTMENT IN BIOAMBER INC.
LCY Chemical Corp. itself was purchased by KKR in a 1.5 billion dollar acquisition.
DO GOVERN YOURSELVES ACCORDINGLY
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