KingClean Electric repays $200m in temporary convertible bond funds early

KingClean Electric Co., Ltd. today announced the full repayment of $200 million in idle raised funds previously used to temporarily supplement working capital. The company's sixth board of directors' twenty-first meeting, held on October 28, 2025, approved the use of up to $200 million for this purpose, with a repayment deadline of three months from the approval date.

The funds were derived from convertible corporate bonds issued on October 20, 2022. As of December 9, 2025, the entire amount has been returned to the dedicated raised funds account, notifying relevant parties including the sponsor institution. This swift repayment, ahead of the January 27, 2026, deadline, highlights KingClean Electric’s adherence to regulatory requirements and efficient management of its raised capital. The company optimized its use while ensuring project funding needs were met.