1) Optimal Power Limited — Strategic Restructuring & Exit
Status: Realised
Instrument: Full equity ownership
Outcome: Sold to NASDAQ-listed iClick for ~USD 28M (for 80%)
Creative Big acquired and restructured Optimal Power Limited, enhancing its operational efficiency and preparing the company for a strategic sale.
The asset was ultimately acquired by iClick Interactive Asia Group (NASDAQ: ICLK), validating our value-creation plan and execution capability in cross-border transactions.
2) HK-Listed Financial Services Group
Status: Realised
Instrument: Listed equity position
Outcome: Approx. 20% investment return
We invested in a Hong Kong–listed financial services group, leveraging valuation insights and market timing to enter at an attractive level and exit with a strong return.
This investment highlights our disciplined approach to public-market value capture.
3) HK-Listed Company — Convertible Bond Investment
Status: Active
Instrument: Convertible bonds
Capital Deployed: HKD 50 million
Creative Big subscribed to HKD 50 million in convertible bonds issued by a Hong Kong–listed company.
This structured investment provides downside protection while securing potential equity upside, consistent with our fixed-income-plus-optionality strategy.