COSCO SHIPPING International (Hong Kong) Co., Ltd. (SEHK:517) agreed to acquire Haining Insurance Brokerage Co., Ltd. from COSCO Shipping Development (Hong Kong) Co., Limited for approximately HKD 270 million on November 10, 2023. Haining Insurance Brokerage reported Total assets worth HKD 248.5 million and Total common equity of HKD 22 million in June 30, 2023. Cosco Shipping Development's board of director's approved the transaction.