On May 26, Haichang Ocean Park (02255.HK) fell 6.1% in regular trading, trading at HK$0.38/share, with trading volume of approximately HK$38.79 million. The stock has given back most of its gains from the prior week's speculative surge.

The decline follows the unwinding of a rumor-driven rally that began on May 20 when Bloomberg reported that GLP co-founder and CEO Mei Zhiming was considering investing in the company through his family office. The stock surged over 40% intraday on that day with turnover exceeding HK$900 million, before sharply retreating. All reports cited unnamed sources and used hedging language such as \"considering\" and \"may not result in a deal,\" while market participants noted the company has a history of similar unconfirmed acquisition rumors that ultimately failed to materialize.

Fundamentally, the company remains deeply challenged — 2025 revenue fell 14.8% year-over-year to RMB 1.549 billion, roughly half its 2019 peak, while net losses widened 29% to RMB 956 million. The company also faces potential removal from the Stock Connect program due to insufficient market capitalization, and its controlling shareholder Xiangyuan Holdings saw its founder subject to criminal enforcement measures in late 2025.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)