Henderson Investment shares dived 14 per cent yesterday as investors dumped the stock following a failed privatisation bid.
The counter was one of only two blue chips to end the day in the red, sliding HK$1 to HK$6.20.
However, shares in parent Henderson Land Development jumped 2.99 per cent to HK$24.10 after strong manufacturing data from the United States sparked a broad rally among key Asian markets.
The Hang Seng Index jumped 218.33 points, or 2.33 per cent, to 9,583.85 yesterday after Wall Street reacted to news the manufacturing sector had grown for the first time in four months.
The Taiwan benchmark index surged 2.24 per cent, while the Korea composite rose 4.08 per cent - its biggest gain since last October - helped by strong gains in exporting bellwethers such as Samsung Electronics.
On Thursday, Henderson Investment minority shareholders rejected Henderson Land Development's offer to take the company private at HK$7.60 per share.
Dao Heng Securities analyst Eric Wong said HK$6 per share was fair value for Henderson Investment, and he did not see any upside for the stock.
