BRIEF-Tianqi Lithium's Q1 profit up, plans to unload holding in Sociedad Quimica y Minera

April 21 (Reuters) - Tianqi Lithium Industries Inc

* Says Q1 net profit up 42.7 percent y/y at 405.8 million

yuan ($58.94 million)

* Says it aims to raise up to 1.65 billion yuan via share

placement to fund project in Australia

* Says it plans to unload 5.5 million shares in Chile's

Sociedad Quimica y Minera SA

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($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)