Welcome to our dedicated page for Burning Rock Biotech news (Ticker: $BNR), a resource for investors and traders seeking the latest updates and insights on Burning Rock Biotech stock.
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Burning Rock Biotech (NASDAQ: BNR, LSE: BNR) will change the ratio of its American Depositary Shares (ADS) to Class A ordinary shares, effective May 15, 2024. The new ratio will be one ADS representing ten Class A shares, akin to a one-for-ten reverse ADS split. Certificates must be exchanged through Citibank for new ADSs, while uncertificated ADSs will be automatically adjusted. Trading on NASDAQ and LSE will continue under the symbol 'BNR' with updated security codes. Fractional new ADSs won't be issued; instead, they will be sold, and proceeds distributed to holders. The ADS price is anticipated to rise tenfold, although no guarantee is provided.
Burning Rock Biotech (BNR), a precision oncology company, published its 2023 Annual Report on Form 20-F, filing it with the SEC. The report is accessible on the SEC and company websites, highlighting financial and operational performance.