Tidbits: Sany Heavy, Yingli, WineNice

There are quite a few too good stories out there today, so here are some quick takes on a few that didn’t make the headlines but look interesting nonetheless.

— Sany Heavy Industries (Shanghai: 600031): China’s largest maker of construction machinery is moving ahead with a Hong Kong IPO to raise up to $3.3 billion despite a frosty market. This one looks interesting, coming just days after leading brokerage CITIC Securities, another attractive blue-chip, announced a similar plan. These two deals coming so close together look like Beijing may be at work behind the scenes to try to revive China’s struggling stock markets. (English article)

— Yingli Green Energy (NYSE: YGE): The company announced the resignation of one of its independent directors, who also happens to be a member of its audit committee and the CEO of China’s biggest Internet company Tencent (HKEx: 700). This announcement looks strikingly similar to ones in July from Trina (NYSE: TSL) and LDK (NYSE: LDK), and indicates these companies may be getting a tad too creative with their accounting. (company announcement)

— WineNice: Chinese media are reporting this online wine seller has raised a sweet $80 million in first round venture capital funding. This deal shows that major new investment is still flowing into Chinese Internet firms, although at a slower speed than earlier this year. This wine seller looks like an interesting niche player that could potentially survive the looming Chinese Internet bubble, drawing on appetite from a new generation of Chinese yuppies for wine. (Chinese article)