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WiseTech rejects media allegations of probe into executive chair

Tipranks - Tipranks - Tue Jun 23, 6:26PM CDT

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An announcement from Wisetech Global ( (AU:WTC) ) is now available.

WiseTech Global, a major logistics and supply chain software provider whose platforms serve tens of thousands of customers worldwide and connect over 500,000 enterprises, continues to expand its reach and functionality through sustained innovation and integration. Its technology suite, including the CargoWise platform and the recently integrated e2open network, targets productivity, compliance and connectivity across global trade flows.

The company responded to media reports alleging an investigation into Executive Chair Richard White relating to a visa application, stressing that the matter concerns him in a personal capacity and that there is no suggestion of any investigation into WiseTech itself. The board stated it is unaware of any such investigation, relayed White’s emphatic denial of any involvement in human trafficking, and pledged to update the market as required under continuous disclosure obligations.

The most recent analyst rating on (AU:WTC) stock is a Buy
with a A$71.75 price target.
To see the full list of analyst forecasts on Wisetech Global stock,
see the AU:WTC Stock Forecast page.

More about Wisetech Global

WiseTech Global is a leading Australian developer of software solutions for the logistics, global trade and supply chain industries, serving more than 22,000 logistics companies and related participants across 193 countries. Its flagship CargoWise platform, enhanced by the acquisition of e2open and over 6,300 recent product improvements, underpins a vision to become the operating system for global trade by connecting carriers, logistics providers, importers, exporters and shippers.

YTD Price Performance: -45.97%

Average Trading Volume: 1,646,824

Technical Sentiment Signal: Sell

Current Market Cap: A$12.29B

For detailed information about WTC stock, go to TipRanks’ Stock Analysis page.

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