ARTICLE | Financial News

CP Group planning investments in Karolinska

November 6, 2014 3:15 AM UTC

Karolinska Development AB (SSE:KDEV) jumped SEK2.50 (18%) to SEK16.10 on Wednesday after it said Charoen Pokphand Group (Bangkok, Thailand) and its affiliates would invest in the company.

First, Karolinska said it plans to raise SEK63 million ($8.5 million) by selling 4.8 million shares at SEK13 in a private placement with the Sino Biopharmaceutical Ltd. unit of CP Group. ...