WTC News Today, Nov 22: WiseTech Faces Investor Backlash After ASIC Raid

Today, WiseTech Global is at the center of attention in Australia. The software company, known for its logistics solutions, recently faced an unexpected challenge. The Australian Securities and Investments Commission (ASIC) launched an investigation into the company’s executives, resulting in a raid. This action, tied to governance concerns and significant share sales by company chair Richard White, has shaken investor confidence. With a stock price of A$65.76, WiseTech faces intense scrutiny in the market today.