Daniel Tseung, LionRock Capital founder, was already in Italy: agreement is expected at the end of the month
Daniel Kar Keung Tseung was already in Milan, twice. As reported by the Corriere dello Sport, before Christmas and at the beginning of 2019, he was accompanied by his trusted men appearing in Corso Vittorio Emanuele and in the San Siro area.
There was the utmost secrecy in his quick trip to Milan. The paper only knows that he stayed in a well-known hotel in the city center and he was not there for very long.
The white smoke will arrive by the end of the month or no later than mid-February regarding negotiation to acquire Thohir’s 31%. Talks are at a very advanced stage and agreement will be reached. Another board of directors meeting will be called, necessary for the entry of LionRock Capital.