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SINGAPORE - Enigmatig Limited (NYSE American:EGG), a business enabler focused on cross-border expansion with a market capitalization of $178.67 million and impressive 74% gross profit margins, announced Friday it has signed a Memorandum of Understanding with Thailand-based TVA Capital Consultancy Co., Ltd., marking its first strategic partnership since listing on the NYSE. According to InvestingPro data, the company has demonstrated strong revenue growth of 62% in the last twelve months.
The two-year agreement establishes Thailand as a key market for Enigmatig’s Asia Pacific growth strategy. Under the terms, both companies will collaborate on corporate advisory, financial advisory, and mergers and acquisitions opportunities, while granting each other first right of refusal for projects involving Thai clients seeking international expansion or non-Thai clients entering Thailand. The company maintains a healthy financial position with a current ratio of 2.06, indicating strong liquidity to support its expansion plans.
"Thailand is a dynamic hub at the heart of Southeast Asia," said Desmond Foo, Founder & CEO of Enigmatig, in a press release statement.
Chayaditt Hutanuwatra, Chairman of TVA Capital, noted that Enigmatig’s experience in guiding companies through regulatory processes and market entry would benefit their clients.
The partnership combines Enigmatig’s global expertise in corporate services with TVA Capital’s local network in Thailand. The agreement takes effect immediately with possibility for renewal after the initial term.
Enigmatig, founded in 2010, specializes in helping small and medium-sized enterprises expand internationally, with services including FX brokerage consultancy, licensing, RegTech, and corporate services. The company maintains offices in Singapore, Hong Kong, Shanghai, and London, with a representative desk in Bangkok. InvestingPro analysis indicates the company has received a "GOOD" financial health rating, with particularly strong scores in profitability metrics. Get access to 13+ additional ProTips and comprehensive financial analysis with an InvestingPro subscription.
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