Jiangsu Yuyue Medical Equipment & Supply (SHE:002223) is planning to take a 9.9% stake in Nasdaq-listed medical technology company Inogen.
This will be undertaken via an investment of about $27.2 million, according to a filing with the Shenzhen bourse.
The company and Inogen also signed a strategic cooperation agreement to collaborate in international distribution, trademark licensing, research and development, and supply chain optimization.