Jan 17 (Reuters) - Tianqi Lithium Corp 002466.SZ :
* SAYS ITS BOARD HAS DECIDED TO SCRAP SHARE PRIVATE PLACEMENT
* SAYS DITCHING SHARE ISSUE PLAN WOULD NOT IMPACT UNIT TIANQI LITHIUM ENERGY AUSTRALIA PTY LTD'S PLAN TO BRING IN STRATEGIC INVESTMENT
* SAYS THE ACTION WAS TO AVOID POTENTIAL RISK OF SHORT-SWING TRADES RELATED TO PRIVATE PLACEMENT OF SHARES, GIVEN ITS CONTROLLING SHAREHOLDER HAS PREVIOUSLY CUT STAKE