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 revealed plans to establish offices and training centres in Kota Kinabalu and Kuching to meet local upskilling demands.
According to BERNAMA News Agency, the company also plans to expand into Indonesia, the Philippines, and Singapore to address the growing need for digital talent development in Southeast Asia. Lee expressed confidence in their market appeal, citing positive feedback from market research and potential clients who favor their framework.
He affirmed the company’s mission to impact 10 million lives through innovative, transformative learning solutions, following PEOPLElogy’s listing on the ACE Market of Bursa Malaysia. PEOPLElogy, which currently has offices in Johor and Kuala Lumpur, has trained nearly 300,000 people to date. The company’s shares debuted at 24 sen, slightly below its initial public offering (IPO) price of 25 sen, with 1.30 million shares traded.
From the RM26.25 million in gross proceeds raised from the IPO, approximately 15 percent will be used for expansion through strategic investments, mergers, and acquisitions. Eleven percent is earmarked for the expansion of offices and training centres in Indonesia and the Philippines, while 3.81 percent will go towards expanding in Sabah and Sarawak, and 0.38 percent for a regional office in Singapore.
PEOPLElogy plans to allocate 32.38 percent of the proceeds to establish a cyber range computer simulation lab to enhance its cybersecurity, big data, and artificial intelligence (AI) training programs. This lab will offer a virtual environment for participants to engage in scenarios like 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 RM102.93 million. Addressing the one sen discount on the opening price, Lee remarked on the uncontrollable nature of market sentiment influenced by external factors, while maintaining confidence in the company’s direction and industry uniqueness.
He emphasized the importance of continuing to educate the market, acknowledging that some investors may not yet fully understand PEOPLElogy’s business model.