HNA Group has agreed a five-year deal to become title sponsor of the Open de France golf tournament, which will also join the new Rolex Series with a prize fund of USD 7 million.
HNA's backing marks the first time a China-based organization has sponsored a European Tour event outside the country, reported Reuters.
The move comes after HNA bought ten golf courses at eight locations in Washington state in the US for USD 137.5 million last October.
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