By GEOFF SENESCALL
Wilson Neill director Paul Hyslop is still talking to a potential investor and expects to have concluded negotiations within seven days.
While Mr Hyslop declined to comment on whom the discussions are with, it is believed the company involved is technology investor Jump Capital.
It is understood that Jump has been doing due diligence on the Wilson Neill subsidiary Radionet, a firm involved in high-speed broadband wireless technology for data communication.
If agreement is reached, it will include Jump taking a cornerstone shareholding in Wilson Neill in return for pumping in cash of around $20 million to $30 million.
Wilson Neill is a former brewer and commodities trader that has diced with bankruptcy on several occasions.
Apart from Radionet, its assets include 24 Cobb & Co restaurants.
In February, Wilson Neill bought the Iguacu restaurant and bar in Parnell.
The company is looking at relisting on the main board this year.
Jump start to turn the corner
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