3223907 - Upgrade ASE command failed with error: Command execution failed. : Could not identify ASE version. (fault code: 127) - SAP ASE

Run the following command to upgrade ASE

saphostctrl -user sapadm <pwd> -function LiveDatabaseUpdate -dbname <SID> -dbtype syb -updatemethod Execute -updateoption TASK=UPDATE_ASE -updateoption DROP_LOCATION="<path>"

It failed with following error:

Error: Command execution failed. : Could not identify ASE version. (fault code: 127)
Operation ID: 629F56418A5A1EA0E1008000C0A8507C
----- Log messages ----
Info: saphostcontrol: Executing LiveDatabaseUpdate
Error: sapdbctrl: Could not identify ASE version.
Error: saphostcontrol: LiveDatabaseUpdate failed (sapdbctrl exit code = 1)

SAP Host Agent log dev_sapdbctrl shows following,

[PID 35455182] ERROR AT sybServer.cpp:SybServer::init(bool):28371 TIME: xxx xxx DESCRIPTION: Could not identify ASE version LAST OS-ERROR: (0) : Error 0
[PID 35455182] *** ERROR => 'Database live update' failed: Could not identify ASE version. [sapdbctrl.cp 4211]
sapparam: sapargv(argc, argv) has not been called!
sapparam(1c): No Profile used.

• SAP Adaptive Server Enterprise 16.0
• Linux

fault code: 127, identify ASE version, dataserver -v, libsapcrypto.so , KBA , BC-DB-SYB , Business Suite on Adaptive Server Enterprise , Problem