Stock market anomaly | China Rare King (03788.HK) rises over 17%, offering a 14.7% discount for new shares to Zijin Mining, raising approximately HK$231 million net.

According to the Guotong Caijing APP, China Rare King (03788.HK) surged over 17%, reaching a high of 4.48 Hong Kong dollars in intraday trading, setting a new record high. As of the time of publication, it has risen by 17.44%, trading at 4.31 Hong Kong dollars, with a turnover of 11.6222 million Hong Kong dollars.