Replies to post #32829 on BioAmber Inc fka BIOAQ

[TheFinalCD]

BIOAMBER PROVIDES UPDATE ON LIQUIDATION PROCESS
Aug 9, 2018

MONTREAL, Aug. 9, 2018 /CNW Telbec/ - BioAmber Inc. (OTCPK: BIOAQ) announces that following a court order issued on July 31, 2018, the company, along with its monitor, PricewaterhouseCoopers (PWC), has initiated a liquidation process pursuant to which offers will be solicited from liquidators and/or strategic buyers to proceed with the liquidation of the company's assets or a recapitalization transaction with the goal of realizing the greatest value on behalf of the company's creditors.

Binding offers from the liquidators or strategic buyers must be received by 9 a.m. on August 21st, 2018, and if acceptable offers are received, the company will seek to obtain court approval of the retained offer on August 28th, 2018 and close the transaction on August 31st, 2018.

Potential investors can contact Claudio Filippone or Christian Bourque from PWC, or Richard Eno, the company's CEO, in order to express interest in acquiring the assets or investing in the business.

Note that there can be no guarantee that the company will be successful in securing an acceptable offer in connection with the liquidation of its assets, and if an acceptable offer is received, the liquidation of the company's assets will almost certainly result in no residual value for non-secured creditors and equity investors.
http://investor.bio-amber.com/2018-08-09-BioAmber-Provides-Update-on-Liquidation-P