---
title: "RADICAL: Plans to extend the investment project for the convertible bond fundraising to December 31, 2025"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245670234.md"
description: "RADICAL announced that the company has decided to extend the completion date of the convertible bond fundraising project to December 31, 2025. This decision was approved by the company's fourth board of directors and supervisory board, mainly involving the \"Truck Hub Tapered Roller Bearing Construction Project\" and the \"Training Center and Mold Center Project.\" As of May 31, 2025, the balance of the raised funds is 80.6842 million yuan"
datetime: "2025-06-23T10:08:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245670234.md)
  - [en](https://longbridge.com/en/news/245670234.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245670234.md)
generator: "portal-rs"
---

# RADICAL: Plans to extend the investment project for the convertible bond fundraising to December 31, 2025

RADICAL announced that the fifteenth meeting of the fourth board of directors and the fifteenth meeting of the fourth board of supervisors reviewed and approved the proposal on the extension of fundraising investment projects. Based on the actual construction progress of the fundraising investment projects, the company plans to extend the date for the "Truck Hub Tapered Roller Bearing Construction Project" and the "Training Center and Mold Center Project" to reach the predetermined usable status to December 31, 2025. As of May 31, 2025, the balance of the raised funds is 80.6842 million yuan

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**