Latest news with #RM102.93
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.'
