WiseTech Global Facing Heat from Short Activist

  • Oct 17, 2019 AEDT
  • Team Kalkine

Securities of WiseTech Global Limited (ASX: WTC) were put in trading halt today. The trading halt is requested to enable the company to respond to allegations contained in a research report and ensure that trading does not take place in an uninformed or false market. Many media sites have speculated that the company has overstated its profits.

Stock of the company was down by 10.18% prior to the pause at $30.

 

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