Chinese Office Developer Shares Plunge 40 Percent After Blackstone Drops Acquisition

A Chinese man rides a tricycle past a billboard for the under-construction Wangjing SOHO complex by renowned architect Zaha Hadid in Beijing on Jan. 3, 2013. Wang Zhao/AFP via Getty Images

The share price of Beijing-based Soho China Ltd. plunged in Hong Kong trading on Sept. 13 after U.S. private equity giant Blackstone Group Inc. dropped a $3 billion takeover deal last week.

The commercial real estate developer, one of the largest in China, saw the biggest daily plunge in its stock price in the past 14 years.