BRIEF-Global Strategic To Appoint Placing Agent To Procure Placees For Maximum Of 260 Mln Placing Shares

March 16 (Reuters) - Global Strategic Group Ltd:

* TO APPOINT PLACING AGENT TO PROCURE PLACEES FOR MAXIMUM OF 260 MILLION PLACING SHARES AT PRICE OF HK$0.05 PER SHARE

* GROSS PROCEEDS AND NET PROCEEDS FROM PLACING WILL BE ABOUT HK$13.0 MILLION AND HK$12.2 MILLION, RESPECTIVELY

* CONSIDERING PROPOSED SHARE CONSOLIDATION AS SHARES TRADED AT AROUND OR BELOW HK$0.10 PER SHARE AT CERTAIN TIME IN PAST 3 MONTHS Source text for Eikon: Further company coverage: