Jan 19 (Reuters) - Chinalco Yunnan Copper Resources Ltd CYU.AX :
* Update on placement of securities to JCHX Group CYU.AX
* On 22 October 2015, CYU announced to the ASX details of a proposed strategic co-operation agreement with the Beijing-based jchx group
* CYU is continuing discussions with JCHX regarding alternative transactions
* Yunnan Copper Group indicated to CYU that China copper will not provide continued financial support in the future to CYU
* CYU is also considering other fundraising opportunities
* Says approval condition cannot be satisfied
* Proposed strategic co- operation agreement between JCHX and CYU will not proceed in its current form
* CYU is reviewing all aspects of its existing operations and activities so as to minimise demands on available cash reserves
* Source text for Eikon ID:nASX904qpW