Burning Rock Biotech Ltd. (BNR) has released an update.
Burning Rock Biotech Ltd. has announced a significant change to its American depositary shares (ADSs) structure, implementing a ratio adjustment from one ADS representing one Class A ordinary share to one ADS for ten Class A shares, effective May 15, 2024. This change will function similarly to a 1-for-10 reverse ADS split, with the company’s share price expected to increase proportionally. The adjustment is positioned to take place automatically for registered holders, with no action required from holders of uncertificated ADSs.
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