Galaxy Payroll Group Ltd (GLXG) stock: price, suppliers, customers and institutional ownership
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
No institutional manager reports a position in this company. Funds disclose holdings quarterly on form 13F, and none of them names it.
No case yet. It builds on the next filing, report or 13F period.
Our operations are conducted by our Operating Entities, which include our indirect wholly-owned subsidiaries, such as Galaxy Payroll Services Limited, Galaxy GEO Services Limited, Galaxy Corporate Management Consultancy (Shenzhen) Limited, Galaxy Human Resources Limited, and Galaxy Recursos Humanos, which are incorporated in Hong Kong, PRC, Taiwan and Macau (the Operating Entities, collectively with the Company, the “Group”). As a reputable payroll outsourcing service, employment service and consultancy and market research service provider based in Hong Kong, the Company, through our Operating Entities, provides services to our customers which are mainly categorized as (i) channels which are global human resources service providers engaged by companies/organizations to handle payroll and/or employment-related matters for their branch offices in different regions; (ii) end-users which are mainly multinational companies/organizations that outsource their payroll and/or employment functions to us directly; (iii) end-users consulting us for their future expansion worldwide. Galaxy HR (SZ), Galaxy Payroll (HK), Galaxy HR (TW) and Galaxy HR (Macau) provide payroll outsourcing services in the mainland China, Hong Kong, Taiwan and Macau; Galaxy HR (SZ), Galaxy Payroll (HK), Galaxy GEO Services and Galaxy HR (TW) provide employment services in the mainland China, Hong Kong and Taiwan; and Galaxy Payroll (HK) provides consultancy and market research services in Hong Kong. End-users of our services may either be (i) our indirect customers engaging us through channels; or (ii) our direct customers. This is an offering of the Ordinary Shares of Galaxy Payroll Group Limited, the holding company incorporated in BVI, instead of shares of our Operating Entities. You may never directly hold any equity interest in our Operating Entities. In providing payroll outsourcing services, we generally assist our end-users in (i) calculating employees’ salaries and the required employer’s contributions to Hong Kong’s Mandatory Provident Fund (MPF) and PRC’s social security and housing provident funds as well as individual income tax and any other deductions required to be made under the laws of the respective jurisdictions; (ii) arranging for payment to the employees’ bank accounts; (iii) monitoring and maintaining payroll records; and (iv) preparing and filing employment-related tax returns. For the two fiscal years ended June 30, 2023 and 2022, we handled approximately 65,400 and 62,200 payroll transactions for our payroll outsourcing service customers, respectively. For the six months ended December 31, 2023, we handled approximately 49,000 payroll transactions for our payroll outsourcing service customers. Galaxy Payroll (HK) and Galaxy HR (Macau) provide payroll outsourcing services in Hong Kong and Macau directly and cooperate with in-country partners to provide payroll outsourcing services in the PRC and India where appropriate. The contractual arrangements with in-country partners to provide service are as effective as providing services directly. Although we may incur some challenges or additional costs to enforce the terms of the arrangements, we regard such risk to be minimal and remote, since we have maintained stable and long-term relationship with these in-country partners. In providing employment services, our Operating Entities or our in-country partners (upon our request) (i) act as the employers of record to employ suitable candidates, who are sourced by our end-users, and second them back to our end-users; and (ii) handle the seconded employees’ payroll as their employers of record. Galaxy Payroll (HK), Galaxy GEO Services and Galaxy HR (Macau) provide employment services in Hong Kong and Macau directly and Galaxy Payroll (HK) cooperated with in-country partners to provide employment services in the PRC, Japan, Australia and other Asian countries where appropriate. In providing consultancy and market research services, our Operating Entities (i) provide consultation for local policy in advanced level and delivery of country profile reports; (ii) deliver general consultation on different topics as well as Q&A session with local experts on a monthly basis. Galaxy Payroll (HK) provides consultancy and market research services in Hong Kong directly. The management of the Group reconsidered the business strategy of the consultancy and market research services and temporarily ceased the provision of the services starting from July 2022. The management of the Group plans to restart the provision of consultancy and market research services once the initial public offering is completed and therefore the Group would have sufficient funds to employ manpower to manage the service line. With regard to the business the Company and its subsidiaries participated in, the Company has expressly confirmed to have received all requisite permissions or approvals in Taiwan and Macau, based on the knowledge of its own administrative staff who maintains the compliance status regarding Taiwan and Macau. As of the date of this prospectus, as advised by PRC Legal Advisers, the Company has received all requisite permissions or approvals necessary for its business operations in the PRC and as advised by Hong Kong Legal Advisers, the Company has received all requisite licenses, permits and approvals for its business operations in Hong Kong. Our principal executive offices are located at 25th Floor, Ovest, 77 Wing Lok Street, Sheung Wan, Hong Kong. Our registered office in the British Virgin Islands is located at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. Our agent for service of process in the United States is Puglisi & Associates, located at 850 Library Avenue, Suite 204, Newark, DE.
Galaxy Payroll Group Ltd has no measured co-movers clearing our correlation floor, so only its SEC classification is shown.
SIC 8700, Services-Engineering, Accounting, Research, Management, from each company's own filings. Largest first.
Galaxy Payroll Group Ltd
Price, suppliers and customers from SEC filings, institutional ownership and the next report.
Nasdaq · Services-Engineering, Accounting, Research, Management
High 1.02 at 6:45 am ET, low 0.97 at 3:45 pm ET.
GLXG (Galaxy Payroll Group Ltd) has 1 disclosed suppliers and 1 disclosed customers, strongest disclosure first.
Suppliers:
Customers:
Select a tie for its filing sentence; select again to open the company. Nearer the centre, the more the filings disclose. Extended: satellites hang off single companies, not bundled sectors.
tall tick = annual report · 1 on record