<SEC-DOCUMENT>0001085146-21-003142.txt : 20211112
<SEC-HEADER>0001085146-21-003142.hdr.sgml : 20211112
<ACCEPTANCE-DATETIME>20211112101725
ACCESSION NUMBER:		0001085146-21-003142
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210930
FILED AS OF DATE:		20211112
DATE AS OF CHANGE:		20211112
EFFECTIVENESS DATE:		20211112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NINE MASTS CAPITAL Ltd
		CENTRAL INDEX KEY:			0001569356
		IRS NUMBER:				980691159

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-16783
		FILM NUMBER:		211401015

	BUSINESS ADDRESS:	
		STREET 1:		LEVEL 20, ONE IFC
		STREET 2:		1 HARBOUR VIEW STREET
		CITY:			CENTRAL
		STATE:			K3
		ZIP:			HONG KONG
		BUSINESS PHONE:		852 2105 5800

	MAIL ADDRESS:	
		STREET 1:		LEVEL 20, ONE IFC
		STREET 2:		1 HARBOUR VIEW STREET
		CITY:			CENTRAL
		STATE:			K3
		ZIP:			HONG KONG
</SEC-HEADER>
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<TYPE>13F-HR
<SEQUENCE>1
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          <cik>0001569356</cik>
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      <periodOfReport>09-30-2021</periodOfReport>
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      <reportCalendarOrQuarter>09-30-2021</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>NINE MASTS CAPITAL Ltd</name>
        <address>
          <ns1:street1>LEVEL 20, ONE IFC</ns1:street1>
          <ns1:street2>1 HARBOUR VIEW STREET</ns1:street2>
          <ns1:city>CENTRAL</ns1:city>
          <ns1:stateOrCountry>K3</ns1:stateOrCountry>
          <ns1:zipCode>HONG KONG</ns1:zipCode>
        </address>
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      <form13FFileNumber>028-16783</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Irene Backenhorn</name>
      <title>Chief Compliance Officer</title>
      <phone>8-522-105-5803</phone>
      <signature>/s/  Irene Backenhorn</signature>
      <city>Hong Kong</city>
      <stateOrCountry>K3</stateOrCountry>
      <signatureDate>11-12-2021</signatureDate>
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    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>10000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>JD.COM INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>SPON ADR CL A</ns1:titleOfClass>
    <ns1:cusip>47215P106</ns1:cusip>
    <ns1:value>1013</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>13923</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>13923</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>JOYY INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>NOTE 0.750% 6/1</ns1:titleOfClass>
    <ns1:cusip>98426TAD8</ns1:cusip>
    <ns1:value>1880</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>2000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>PRN</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>2000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>JOYY INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>NOTE 1.375% 6/1</ns1:titleOfClass>
    <ns1:cusip>98426TAF3</ns1:cusip>
    <ns1:value>1395</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>1500</ns1:sshPrnamt>
      <ns1:sshPrnamtType>PRN</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>1500</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>KKR ACQUISITION HOLDING I CO</ns1:nameOfIssuer>
    <ns1:titleOfClass>*W EXP 99/99/999</ns1:titleOfClass>
    <ns1:cusip>48253T117</ns1:cusip>
    <ns1:value>90</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>93591</ns1:sshPrnamt>
      <ns1:sshPrnamtType>PRN</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>93591</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>KKR ACQUISITION HOLDING I CO</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM CLASS A</ns1:titleOfClass>
    <ns1:cusip>48253T109</ns1:cusip>
    <ns1:value>3650</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>374364</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>374364</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>ORIGIN MATERIALS INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>68622D106</ns1:cusip>
    <ns1:value>625</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>91800</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>91800</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>PINDUODUO INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>NOTE 12/0</ns1:titleOfClass>
    <ns1:cusip>722304AC6</ns1:cusip>
    <ns1:value>39525</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>42500</ns1:sshPrnamt>
      <ns1:sshPrnamtType>PRN</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>42500</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>PROPERTY SOLUTIONS ACQUISITI</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT 03/01/2026</ns1:titleOfClass>
    <ns1:cusip>74350A207</ns1:cusip>
    <ns1:value>702</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>71294</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>71294</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>RYANAIR HOLDINGS PLC</ns1:nameOfIssuer>
    <ns1:titleOfClass>SPONSORED ADS</ns1:titleOfClass>
    <ns1:cusip>783513203</ns1:cusip>
    <ns1:value>3277</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>29777</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>29777</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SEA LTD</ns1:nameOfIssuer>
    <ns1:titleOfClass>NOTE 0.250% 9/1</ns1:titleOfClass>
    <ns1:cusip>81141RAG5</ns1:cusip>
    <ns1:value>65597</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>64500</ns1:sshPrnamt>
      <ns1:sshPrnamtType>PRN</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>64500</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SOCIAL CAPITAL HEDOSOPHA HLD</ns1:nameOfIssuer>
    <ns1:titleOfClass>SHS CL A</ns1:titleOfClass>
    <ns1:cusip>G82514103</ns1:cusip>
    <ns1:value>707</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>69758</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>69758</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SVF INVESTMENT CORP</ns1:nameOfIssuer>
    <ns1:titleOfClass>*W EXP 12/20/202</ns1:titleOfClass>
    <ns1:cusip>G8601L128</ns1:cusip>
    <ns1:value>140</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>140200</ns1:sshPrnamt>
      <ns1:sshPrnamtType>PRN</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>140200</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SVF INVESTMENT CORP</ns1:nameOfIssuer>
    <ns1:titleOfClass>CL A SHS</ns1:titleOfClass>
    <ns1:cusip>G8601L102</ns1:cusip>
    <ns1:value>6842</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>701000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>701000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SVF INVESTMENT CORP 2</ns1:nameOfIssuer>
    <ns1:titleOfClass>CL A SHS</ns1:titleOfClass>
    <ns1:cusip>G8601M100</ns1:cusip>
    <ns1:value>982</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SVF INVESTMENT CORP 3</ns1:nameOfIssuer>
    <ns1:titleOfClass>CL A SHS</ns1:titleOfClass>
    <ns1:cusip>G8601N108</ns1:cusip>
    <ns1:value>983</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>TIGA ACQUISITION CORP</ns1:nameOfIssuer>
    <ns1:titleOfClass>*W EXP 11/06/202</ns1:titleOfClass>
    <ns1:cusip>G88672111</ns1:cusip>
    <ns1:value>193</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>275000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>PRN</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>275000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>TIGA ACQUISITION CORP</ns1:nameOfIssuer>
    <ns1:titleOfClass>SHS CL A</ns1:titleOfClass>
    <ns1:cusip>G88672103</ns1:cusip>
    <ns1:value>5466</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>539583</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>539583</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>WIPRO LTD</ns1:nameOfIssuer>
    <ns1:titleOfClass>SPON ADR 1 SH</ns1:titleOfClass>
    <ns1:cusip>97651M109</ns1:cusip>
    <ns1:value>7516</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>851232</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>851232</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
</ns1:informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>