Latest news with #AllenLee
The Star
20-05-2025
- Business
- The Star
PEOPLElogy eyes regional expansion
PEOPLElogy founder and managing director Allen Lee. KUALA LUMPUR: PEOPLElogy Bhd aims to expand its integrated people development solutions across Sabah, Sarawak and the South-East Asian region by 2026. Founder and managing director Allen Lee said the company plans to establish offices and training centres in Kota Kinabalu and Kuching to meet local upskilling demands. Additionally, it will expand into Indonesia, the Philippines and Singapore to address the growing need for digital talent development in South-East Asia. 'We are confident of doing well in the market because we have gauged from our market research, and all the companies that we approach love our framework. 'We are looking forward to reaffirming our commitment to our mission of impacting 10 million lives through innovative, transformative learning solutions,' he told reporters after the company's listing on the ACE Market of Bursa Malaysia yesterday. PEOPLElogy has offices in Johor and Kuala Lumpur and has trained nearly 300,000 people to date. PEOPLElogy made its debut at 24 sen, one sen below its initial public offering (IPO) price of 25 sen, with 1.30 million shares traded. PEOPLElogy rose 6%, or 1.5 sen to 26.5 sen yesterday, with 47.85 million shares traded. From a total of RM26.25mil in gross proceeds raised from the IPO, Lee said the company will utilise about 15% for its expansion through strategic investments, mergers and acquisitions opportunities and 11% for the expansion of offices and training centres in Indonesia and the Philippines. Also, 3.81% will be allocated for the expansion of offices and training centres in Sabah and Sarawak, and 0.38% for setting up a regional office in Singapore. PEOPLElogy will utilise 32.38% of the proceeds to finance the establishment of a cyber range computer simulation lab, 11.43% for software research and development and the remaining proceeds will be used for working capital and listing expenses. Lee said the cyber range computer simulation lab will enhance its cybersecurity, big data and artificial intelligence or AI training programmes. This lab will provide a virtual environment for participants to engage in real-world scenarios such as defending against cyberattacks and managing large datasets. Based on PEOPLElogy's enlarged share capital of 411.72 million shares, the company's market capitalisation is approximately RM102.93mil. Commenting on the discount of one sen on the opening price, he said the company cannot control market sentiment which is influenced by various external factors. He remains confident in the company's direction and uniqueness within the industry. He added that PEOPLElogy will continue educating the market. — Bernama
The Sun
20-05-2025
- Business
- The Sun
PEOPLElogy to scale up people development services by 2026
KUALA LUMPUR: PEOPLElogy Bhd aims to expand its integrated people development solutions across Sabah, Sarawak and the Southeast Asian region by 2026. Founder and managing director Allen Lee said the group will set up offices and training centres in Kota Kinabalu and Kuching to tap into local upskilling demand. Beyond Malaysia, PEOPLElogy is targeting Indonesia, the Philippines and Singapore to meet rising demand for digital talent across the region. 'By next year, we should be in Sabah and Sarawak. I spent almost nine months in 2023 visiting Singapore, the Philippines, Indonesia and Vietnam — so I have a strong grasp of this region's market potential. We're targeting 2026 for our regional rollout,' he told reporters after the company's debut on the ACE Market of Bursa Malaysia yesterday. Lee said PEOPLElogy's current operations are almost entirely based in Malaysia, contributing over 99% of its revenue, yet its future growth hinges on regional expansion. 'We don't expect any contribution from Indonesia or the Philippines in 2025,' Lee said. While regional expansion will only begin contributing in 2026, he said, the company sees huge untapped potential in both domestic and regional markets. 'Our market share in Malaysia is still low — around 1.5% to 2% — so there's still a lot of room to grow here,' he added. PEOPLElogy opened at 24 sen, slightly below its initial public offering price of 25 sen apiece. 'I urge the market to look beyond just investment returns and profits. You're also investing in a company that's driving national transformation. Let's take a long-term view,' he said. Based on PEOPLElogy's enlarged share capital of 411,716,936 shares and the IPO price of RM0.25 per share, the company's total market capitalisation is approximately RM102.93 million. With a total of RM26.25 million in gross proceeds raised from the IPO, PEOPLElogy will utilise 32.38% of the proceeds to finance the establishment of a Cyber Range computer simulation lab; 15.24% for the expansion through strategic investments, mergers and acquisitions opportunities; 11.43% for software research and development; 11.05% for the expansion of offices and training centres in Indonesia and Philippines; 3.81% for the expansion of offices and training centres in East Malaysia; and 0.38% for setting up regional office in Singapore. The remaining proceeds will be used as working capital and listing expenses.
The Sun
21-04-2025
- Business
- The Sun
PEOPLElogy launches IPO prospectus, sets sights on expanding regional footprint
KUALA LUMPUR: PEOPLElogy Bhd, a provider of integrated people development solutions, will ramp up its regional expansion efforts, managing director Allen Lee said at the launch of the prospectus for the company's initial public offering (IPO). He said PEOPLElogy is committing 14.86% to physical expansion and 15.24% of IPO proceeds to merger and acquisition opportunities. 'We will establish new training centres in Kota Kinabalu and Kuching within the next 12 months, and new regional offices in Indonesia, the Philippines and Singapore. 'We see East Malaysia as a golden opportunity. Local B2B and B2G stakeholders are eager for committed providers to build digital talent pipelines. PEOPLElogy has already been in discussions with multiple stakeholders across Sabah and Sarawak,' he said in a press conference held in conjunction with the prospectus launch today. Lee noted that a standout component of PEOPLElogy's post-IPO strategy is the establishment of a Cyber Range simulation lab, which will absorb 32.38% of IPO proceeds. 'The lab is designed to simulate real-world cyber attack scenarios using immersive, gamified environments – an innovation PEOPLElogy believes will redefine how cybersecurity training is delivered in the region. 'Instead of traditional classroom training, our cyber lab uses environmental triggers, colours and even sirens to fully engage learners. It is not just technical training – it is an experience. And that makes a huge difference in how people retain and apply critical digital skills,' he said. The company aims to raise RM26.25 million from the offering, which consists of 105 million new shares at an issue price of 25 sen each, valuing PEOPLElogy at RM102.93 million upon listing. On potential acquisition targets, Lee said PEOPLElogy is in active conversations with players in Malaysia and Southeast Asia. 'We have spent time understanding the landscape, especially last year when I visited over 60 firms overseas. We are speaking with training providers, consulting firms, and tech companies that complement our 6D framework,' he said, referring to PEOPLElogy's proprietary end-to-end talent development model. Lee addressed investor concerns surrounding client concentration, notably the company's historical reliance on Yayasan Peneraju, which contributed 40% of its revenue in 2023. 'This figure has already declined significantly, from 70% in 2021 to 50% in 2024, reflecting its ongoing client diversification strategy. As shown in our revenue segmentation, we have been expanding our B2C segment aggressively. The contribution from individual consumers is on a strong upward trend, alongside our traditional B2B and B2G streams. 'This is not just about reducing reliance on government clients, but also about tapping into new income streams that align with the future of work,' he said. For the 2024 financial year, PEOPLElogy recorded revenue of RM29.24 million, with profit after tax at RM5.47 million. Its services span digital certifications, soft skills and leadership training, talent consultancy and artificial intelligence-powered learning platforms such as PEOPLEAPS and SKILLSTURE. Despite volatile market conditions, Lee said the company believes the timing of the listing is right. 'There's never a perfect market. But our vision is clear, and the IPO is a step forward to scale our mission across Asean.'
BusinessToday
21-04-2025
- Business
- BusinessToday
ACE Market-bound PEOPLElogy To Raise RM26.25 Million For Business Expansion
Consultancy services and training provider PEOPLElogy Bhd aims to raise RM26.25 million from its IPO exercise for both local and overseas business expansion. The company's IPO entails a public issuance of 105 million new shares at an issue price of 25 sen apiece. 'Of the total proceeds, 32.38% will be allocated to establish a cyber range computer simulation lab, 15.24% for strategic investments and merger and acquisition activities, 11.43% for software research and development, and the remaining 11.05% for office and training centre expansion in Indonesia and the Philippines. PEOPLElogy non-independent Executive Director and Managing Director Allen Lee said the company aims to establish a cyber range computer simulation lab because the demand for cybersecurity has risen due to the growing number of cyber threats and data breaches in Malaysia. He added that the company plans to expand into East Malaysia, Indonesia, and the Philippines to seize growth opportunities. Application of PEOPLElogy's IPO shares opens on April 21 and ends 5pm on May 6. Kenanga Investment Bank Bhd is the principal advisor, sponsor, underwriter and placement agent. Related
