Yuyue Medical completes investment in Inogen shares

Jiangsu Yuyue Medical Equipment & Supply (SZSE:002223) has announced the completion of its investment in Inogen, Inc., a move aimed at fostering a long-term strategic alliance. The transaction, executed through Yuyue's wholly-owned subsidiary Yuyue (Hong Kong) Holding, involved the purchase of 2,626,425 newly issued Inogen shares at a price of $10.36 per share, totaling $27.21 million. This investment results in Yuyue holding approximately 9.9% of Inogen's outstanding common stock following the transaction. Concurrently with the share purchase, Yuyue and Inogen have entered into a strategic cooperation agreement to explore collaborative business opportunities.